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Vacant Building

115 W Chelten Avenue

115 W Chelten Ave, Philadelphia, PA 19144

Listing Price: $1,100,000

Gross SF
17,239
Price/Gross SF
$63.81

Investment Overview

Marcus & Millichap has been selected to market for sale 115-119 W Chelten Avenue (the "Property"), in the Germantown section of Philadelphia. Located just steps from the popular intersection of Germantown Avenue and Chelten Avenue, the Property offers to qualified investors the opportunity to acquire a 17,704 square foot structure in a Qualified Opportunity Zone that will be delivered vacant and allow for an immediate redevelopment. Germantown, in particular the immediate area surrounding the intersection of Germantown Avenue and Chelten Avenue, has seen a great deal of investor focus in recent years. This investment has brought a spur of renovation and redevelopment which has benefited the neighborhood. With over 20,000 cars crossing the intersection daily, the traffic is expected to grow with the completion of The C.A. Rowell Building (5627 Germantown Ave) redevelopment and a new grocery store that will anchor a mixed-use redevelopment at 5700 Germantown Ave. With a Walk Score of 92, the neighborhoods ideal walking conditions are complemented by scenic and historic views. Vernon Park, which is located one block from the Property, underwent a massive renovation in 2015. What was once a regal estate owned by the Wister family, the 8-acre park houses a mansion, unique horticultural finds, statues, and monuments, along with a children’s playground, adult fitness equipment and picnic tables. In addition to being a great walking location, there is also plenty of access to public transportation with the Chestnut Hill East Line's Germantown Station only two blocks away and bus stops one block from the Property. The continued growth in retail along Chelten Avenue has played a major role in the growth of the neighborhood. Retailers such as Walgreens, McDonald's and Speedway have opened new locations which help service the 342,000 people who live within a 3-mile radius.

Investment Highlights

  • Located in Qualified Opportunity Zone (QOZ) with CMX-2.5 Zoning
  • Walk Score: 92; Transit Score: 66; Bike Score 70
  • Fully cleared and vacated space prime for redevelopment
  • Surrounded by additional redevelopment and neighborhood improvements

Exclusively Listed By

Financing By

Vacant Building

115 W Chelten Avenue

Listing Price: $1,100,000

Gross SF
17,239
Price/Gross SF
$63.81

Investment Highlights

  • Located in Qualified Opportunity Zone (QOZ) with CMX-2.5 Zoning
  • Walk Score: 92; Transit Score: 66; Bike Score 70
  • Fully cleared and vacated space prime for redevelopment
  • Surrounded by additional redevelopment and neighborhood improvements

Investment Overview

Marcus & Millichap has been selected to market for sale 115-119 W Chelten Avenue (the "Property"), in the Germantown section of Philadelphia. Located just steps from the popular intersection of Germantown Avenue and Chelten Avenue, the Property offers to qualified investors the opportunity to acquire a 17,704 square foot structure in a Qualified Opportunity Zone that will be delivered vacant and allow for an immediate redevelopment. Germantown, in particular the immediate area surrounding the intersection of Germantown Avenue and Chelten Avenue, has seen a great deal of investor focus in recent years. This investment has brought a spur of renovation and redevelopment which has benefited the neighborhood. With over 20,000 cars crossing the intersection daily, the traffic is expected to grow with the completion of The C.A. Rowell Building (5627 Germantown Ave) redevelopment and a new grocery store that will anchor a mixed-use redevelopment at 5700 Germantown Ave. With a Walk Score of 92, the neighborhoods ideal walking conditions are complemented by scenic and historic views. Vernon Park, which is located one block from the Property, underwent a massive renovation in 2015. What was once a regal estate owned by the Wister family, the 8-acre park houses a mansion, unique horticultural finds, statues, and monuments, along with a children’s playground, adult fitness equipment and picnic tables. In addition to being a great walking location, there is also plenty of access to public transportation with the Chestnut Hill East Line's Germantown Station only two blocks away and bus stops one block from the Property. The continued growth in retail along Chelten Avenue has played a major role in the growth of the neighborhood. Retailers such as Walgreens, McDonald's and Speedway have opened new locations which help service the 342,000 people who live within a 3-mile radius.

Exclusively Listed By

Financing By

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