Active

8616-18 Germantown Ave

Philadelphia PA, 19118

$5,000,000


$536.25 per sqft

Active

9,324 sqft

Commercial

Built in 1880

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 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' proximity to Chestnut Hill Hospital, Chestnut Hill College, the beautifully expanding Woodmere Art Museum and the splendid Wissahickon Valley Park. 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 alternative 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.

PAPH2434170

MLS ID

January 30, 2025

Listed

February 12, 2025

Updated

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.14 Acres

Other Property Details

Area Name

PHILADELPHIA


Taxes

$61,603


Tax Frequency

Annually


Days on Market

6


Garage

No


View

No


County

PHILADELPHIA


Water Source

Public


Pool

No

Listed by Elfant Wissahickon-Chestnut Hill
Listing Contact: 2156871022 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/12/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/12/2025 at 3:27 PM UTC

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