154-56 Chelten Ave Philadelphia, PA 19144
- Retail properties
- 4,448 SF
Current Use by Public Records
- Retail properties
Property Details for 154-56 Chelten Ave
- Year built
- 1960
- Property size
- 4,448 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 4,448 square foot storefront located at 154-56 W Chelten Ave in Philadelphia, Pennsylvania's Germantown neighborhood. Currently 100% occupied, this single-story, 1960-built building sits on a 5,780 square foot lot and offers two parking spaces. The property boasts a clear-span interior, maximizing retail space without obstructive columns. Benefiting from a prime location with excellent visibility, the driveway shared with a neighboring PNC Bank provides corner-like exposure. The asking price is $650,000, translating to $146.13 per square foot. Zoned CMX-2.5, this property allows for significant redevelopment potential, with the possibility of adding up to 55 feet in height. The building is currently owner-occupied but will be delivered vacant upon sale. This is a valuable opportunity within a Qualified Opportunity Zone (QOZ), offering potential tax advantages for investors. The property's single-unit structure simplifies management and ownership. This is a rare chance to acquire a well-located, versatile retail space with significant upside potential in a thriving Philadelphia neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1781
- Latitude
- 40.0326
