8425-8427 Germantown Avenue, Philadelphia, PA, 19118

8425-8427 Germantown Avenue Philadelphia, PA 19118

8425-8427 Germantown Avenue, Philadelphia, PA, 19118
8425-8427 Germantown Avenue, Philadelphia, PA, 19118 8425-8427 Germantown Avenue, Philadelphia, PA, 19118 8425-8427 Germantown Avenue, Philadelphia, PA, 19118 8425-8427 Germantown Avenue, Philadelphia, PA, 19118 8425-8427 Germantown Avenue, Philadelphia, PA, 19118 8425-8427 Germantown Avenue, Philadelphia, PA, 19118 8425-8427 Germantown Avenue, Philadelphia, PA, 19118
FOR SALE
Property Type:
Street Retail
Amount:
$1,400,000
Last Verified:
Apr 05, 2024

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Highlights

  • Prime Chestnut Hill Development Opportunity
  • 9,310 SF
  • Zoned CMX-2.5
  • Central Chestnut Hill Business District
  • Off Street parking for approximately 20 vehicles

Description

Introducing a prime development opportunity at 8425-8427 Germantown Avenue, Philadelphia, PA, 19118. This historic property boasts a 9,310 SF building, offering expansive potential for mixed-use development. Zoned CMX-2.5, this versatile property is poised for a mixed-use transformation. Built in 1889, the property is a testament to its enduring quality and timeless appeal. Off street parking lot in the rear for approximately 20 vehicles.

The subject property is located in the Chestnut Hill neighborhood of Northwest Philadelphia. The subject is located within a stabilized area that includes an affluent residential area that includes Germantown Avenue as the nucleus of commercial activity. Commercial uses along the corridor include a mixture of local and national operators that provide uses that attract local and regional consumers.


Year Built: 1889
Building Size: 9310sq ft
Lot Size: 0.35 acres

Map of 8425-8427 Germantown Avenue, Philadelphia, PA, 19118

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.