Investments Sales Management

8616 GERMANTOWN AVENUE 18

PHILADELPHIA , PA 19118

MLS#: PAPH2434170

$3,500,000

Status: Active
Listing number: PAPH2434170
Listing provided by: Elfant Wissahickon-Chestnut Hill
Listing agent phone: None
Last update: 2 months ago
On site: 9 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1880

Sq.Footage

N/A

This unique opportunity isn't offered often. In fact, it has only had 2 owners in 70 years since known as "The Huston Dry Goods Emporium." This is your chance to own a piece of Chestnut Hill History in THE premier "Top of the Hill" location! Positioned prominently in the Chestnut Hill Business District at the intersection of Germantown Avenue & Bethlehem Pike gives it the highest exposure. This unique, multi use building of over 9,300 Sq Ft, (circa 1860), offers 4 apartments (3-2 BR, 1 -1 BR) a large store front retail space, and two generous sized offices (+/- 1182 SqFt ea) with private entrances in the rear annex building. (added 1922) According to historical records, its' green serpentine stone facade with stone sills and wood cornices, is shared by only one other building on Philadelphia. Adding to its' convenient accessibility, it sets atop the Chestnut Hill West Regional Rail line leading directly to Center City and 30th street. Chestnut Hill is rich with a diverse offering of restaurants, local businesses, and homes ranging from cottages to mansions! Chestnut Hill was featured as one of the charming residential neighborhoods on Good Morning America's "Main Street USA" series! All units are currently leased with staggered expirations. Since current owner has historically kept lease rates low, the income is well below market value and even well below a conservative income projection! The location is vibrant with a blend of modern amenities and historic gems, with added appeal for its' walkability to the beautifully expanding Woodmere Art Museum, The Morris Arboretum & Gardens, the splendid Wissahickon Valley Park, Chestnut Hill Hospital and Chestnut Hill College. This commercial corridor location allows open ended possibilities for significant increased profitability. See attached statement sheet with lease and utility information. As leases expire, this will allow a variety of alternate options for each unit. It is your time to approach this creatively and plant roots in this growing community. Showings must be set through listing agent and bank can be shown only during banking hours. Dimensions and taxes are based on city records and may not be accurate. These should be verified by buyer.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other, Multi Units, Gas, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $3,500,000

  • Tax Amount

    61603.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Tax Lot

    17

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

PHILADELPHIA

Elementary School

Middle School

High School

Listing Courtesy of Catherine L Davis , Elfant Wissahickon-Chestnut Hill

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
This unique opportunity isn't offered often. In fact, it has only had 2 owners in 70 years since known as "The Huston Dry Goods Emporium." This is your chance to own a piece of Chestnut Hill History in THE premier "Top of the Hill" location! Positioned prominently in the Chestnut Hill Business District at the intersection of Germantown Avenue & Bethlehem Pike gives it the highest exposure. This unique, multi use building of over 9,300 Sq Ft, (circa 1860), offers 4 apartments (3-2 BR, 1 -1 BR) a large store front retail space, and two generous sized offices (+/- 1182 SqFt ea) with private entrances in the rear annex building. (added 1922) According to historical records, its' green serpentine stone facade with stone sills and wood cornices, is shared by only one other building on Philadelphia. Adding to its' convenient accessibility, it sets atop the Chestnut Hill West Regional Rail line leading directly to Center City and 30th street. Chestnut Hill is rich with a diverse offering of restaurants, local businesses, and homes ranging from cottages to mansions! Chestnut Hill was featured as one of the charming residential neighborhoods on Good Morning America's "Main Street USA" series! All units are currently leased with staggered expirations. Since current owner has historically kept lease rates low, the income is well below market value and even well below a conservative income projection! The location is vibrant with a blend of modern amenities and historic gems, with added appeal for its' walkability to the beautifully expanding Woodmere Art Museum, The Morris Arboretum & Gardens, the splendid Wissahickon Valley Park, Chestnut Hill Hospital and Chestnut Hill College. This commercial corridor location allows open ended possibilities for significant increased profitability. See attached statement sheet with lease and utility information. As leases expire, this will allow a variety of alternate options for each unit. It is your time to approach this creatively and plant roots in this growing community. Showings must be set through listing agent and bank can be shown only during banking hours. Dimensions and taxes are based on city records and may not be accurate. These should be verified by buyer.

8616 GERMANTOWN AVENUE 18

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Investment Opportunity with High Foot and Car Traffic - Prominent Downtown Location. Featuring a ground-floor shop strategically positioned to capture the bustling foot and car traffic, along with three residential apartments above. Benefitting from the high visibility and accessibility, the property yields an impressive annual rental income of $231,350. The established Japanese ramen and sushi restaurant on the premises has successfully operated for 17 years, drawing in a steady flow of customers from the vibrant surroundings. With a solid return on investment standing at 6.5%, this opportunity offers the potential for long-term growth and profitability in a prime urban setting.
#PAPH2434050

PHILADELPHIA

1210 WALNUT STREET

None Beds

None Baths

5,733 Sq.Ft.

$2,800,000

MLS#: PAPH2434050

Iconic Restaurant + Land for Sale on Woodhaven Rd in Northeast Philadelphia. Lot Size: 77,102 SF. Lot Area: 309' x 247'. Building Area: 6,495 SF. Price: $3,450,000 plus Liquor License. Zoning: CA-1, Auto-Oriented Commercial, with legal use for Bar / Restaurant Frontage: 309' of Franklin Mills Blvd, 247' on Woodhaven Rd Parking for 120 cars.
#PAPH2425020

PHILADELPHIA

4501 WOODHAVEN ROAD

None Beds

None Baths

6,495 Sq.Ft.

$3,450,000

MLS#: PAPH2425020

None
#PAPH2421246

PHILADELPHIA

1118 WALNUT STREET

None Beds

None Baths

10,000 Sq.Ft.

$3,350,000

MLS#: PAPH2421246

This double - wide brownstone in Rittenhouse Square has been used as the offices for a high end law firm for decades. The building offers beautiful historic details, a passenger elevator, and has a large rear private parking lot accessed off Chancellor Street. SHOWINGS ARE APPOINTMENT ONLY. 24 HOURS NOTICE. LISTING AGENT MUST BE PRESENT AT EVERY SHOWING.
#PAPH2185488

PHILADELPHIA

2112 WALNUT STREET

None Beds

None Baths

13,754 Sq.Ft.

$2,850,000

MLS#: PAPH2185488

NEWLY REDUCED COMMERCIAL BUSINESS & BRICKS - AWESOME OPPORTUNITY! Did you ever want to own your own business with Endless potential and possibilities?? Now is your opportunity to purchase a fully equipped/operational and established business with so many alternative uses for the property. Located Directly on the Corner of 22nd and Arch Street, The neighborhood is economically supported by the presence of a heavily populated area and by the prestigious Logan Square neighborhood and Rittenhouse Residences. So many Condo buildings and townhomes, yet no one has anywhere to sit and dine either casually or fine dining. Food/Liquor/Beer/Wine License included with purchase. All inventory, refrigerators, freezers, walk-ins, and HOOD included with sale. Two Large Bathrooms and an abundance of Storage space, Office Space also, makes this a perfect Investment for a New Bar/Restaurant in the Neighborhood, or you can keep the Arch Gourmet as is! Permit for 3 outside table areas that need to be renewed yearly with the City of Phila. Influential and Prestigious Location for whatever you think is needed on this end of town! Make it happen make this space yours!
#PAPH2146332

PHILADELPHIA

2200 ARCH STREET 103

None Beds

None Baths

3,280 Sq.Ft.

$3,700,000

MLS#: PAPH2146332

NEWLY REDUCED COMMERCIAL BUSINESS & BRICKS - AWESOME OPPORTUNITY! Did you ever want to own your own business with Endless potential and possibilities?? Now is your opportunity to purchase a fully equipped/operational and established business with so many alternative uses for the property. Located Directly on the Corner of 22nd and Arch Street, The neighborhood is economically supported by the presence of a heavily populated area and by the prestigious Logan Square neighborhood and Rittenhouse Residences. So many Condo buildings and townhomes, yet no one has anywhere to sit and dine either casually or fine dining. Food/Liquor/Beer/Wine License included with purchase. All inventory, refrigerators, freezers, walk-ins, and HOOD included with sale. Two Large Bathrooms and an abundance of Storage space, Office Space also, makes this a perfect Investment for a New Bar/Restaurant in the Neighborhood, or you can keep the Arch Gourmet as is! Permit for 3 outside table areas that need to be renewed yearly with the City of Phila. Influential and Prestigious Location for whatever you think is needed on this end of town! Make it happen make this space yours!
#PAPH2145800

PHILADELPHIA

2200 ARCH STREET 103

None Beds

None Baths

3,280 Sq.Ft.

$3,700,000

MLS#: PAPH2145800

Formerly occupied by national tenant Walgreens, this property was built in 1985. 5301-17 Frankford Ave AKA 1607 Bridge Street, sits on a 1.34acre lot and offers 14,960 square feet of retail space. Positioned directly across from the revitalized Frankford Transportation Center - an essential transit hub in this section of Philadelphia. This site is ideal for a grocery store, laundromat, beauty supply store, and more. The Landlord is open to subdividing the space into multiple units.
#PAPH2542146

PHILADELPHIA

5301-17 FRANKFORD

None Beds

None Baths

14,960 Sq.Ft.

$4,000,000

MLS#: PAPH2542146

7401 Ogontz Avenue is a former Rite Aid store located in the Ogontz/Belfield neighborhood known as the West Oak Lane section. This area is considered the northern part of the city, near the border with Montgomery County. The building is 24,265 square feet and rests on 1.34 acres of land. Rite Aid occupied approximately 10,000 square feet of the building for their retail center along with additional storage areas. There is a 6’ x 8’ roll up door for deliveries along with an additional three dock doors facing Limekiln Pike. The building sits at a traffic light-controlled intersection at Ogontz Avenue and Sommers Road and has a private macadam lighted parking lot with 70 spaces. The original use of the building was for a grocery store and continues to have substantial electrical power and a sprinkler system.
#PAPH2513498

PHILADELPHIA

7401 OGONTZ AVENUE

None Beds

None Baths

24,265 Sq.Ft.

$3,383,000

MLS#: PAPH2513498

Presenting 643-45 North 15th Street, newly renovated Properties are comprised of 10 total apartment units in the affluent Fairmount neighborhood of Philadelphia. Fairmount is highly desirable due to its strategic location – it sits Northwest of Center City Philadelphia and is adjacent to East Fairmount Park and the Philadelphia Museum of Art. Unlike other resurgent neighborhoods in Philadelphia (Northern Liberties and Fishtown), Fairmount enjoys easy access to Center City via the SEPTA Broad Street Line, which has multiple stops (Fairmount Station and Spring Garden Station) within walking distance of the Properties. The neighborhood is also adjacent to Kelly Drive, I-676, and I-76. Major thoroughfares that carry motorists throughout the Philadelphia MSA. The Assets are newly renovated, three-story buildings offering high-end finishes within two historic brownstones. The Properties offer an attractive unit mix with 70% being one-bedroom or studio apartments and 30% two-bedroom apartments. Every unit enjoys 9+ foot ceilings with high-end finishes including stone countertops, stainless steel appliances, modern baths, ample closet space, washer/dryer, and oversized windows allowing an abundance of natural light.
#PAPH2510870

PHILADELPHIA

643-45 N 15TH STREET

None Beds

None Baths

9,225 Sq.Ft.

$2,950,000

MLS#: PAPH2510870

Investment opportunity with excellent passive income that has been tastefully renovated and well maintained. A multi-unit building in prime Rittenhouse Square, Philadelphia zoned CMX5. Fully occupied with 4 apartments and one flagship retail tenant who has approximately nine years remaining on a recently extended lease. Total Operating Revenue Annually:$251,032 Total Operating Expenses Annually: $49,103 Total NET OPERATING INCOME: $201,930
#PAPH2495560

PHILADELPHIA

1805 CHESTNUT STREET

None Beds

None Baths

5,000 Sq.Ft.

$3,950,000

MLS#: PAPH2495560

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here