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8337 Germantown Ave 2,900 SF 100% Leased Retail Building Philadelphia, PA 19118 $1,550,000 ($534.48/SF)
INVESTMENT HIGHLIGHTS
- Turn-Key Restaurant/Bar
- Located in Chestnut Hill
- Liquor License Included
EXECUTIVE SUMMARY
Equity CRE is pleased to offer the opportunity to purchase a local iconic establishment, 8337 Germantown Ave, a ±2,900 SF turn-key restaurant and bar with a fully equipped kitchen and a Pennsylvania R type liquor license. Located in Philadelphia’s historic Chestnut Hill neighborhood, this property sits steps from the signalized intersection of Germantown Ave & Gravers Lane (the best intersection in town). This bustling corridor sees almost 10,000 vehicles per day, is steps from Septa’s Chestnut Hill West station and has multiple bus routes stopping along Germantown Ave. About a block away from the target property is the Septa Chestnut Hill bus loop - a depot where 5 different bus lines converge and disperse.
The property is also directly across from a public parking lot which is rare for the neighborhood and has off-street parking and loading for employees in the rear. This property is being offered in “as-is” condition and the seller is not obligated to provide property improvements or alterations. This sale is Confidential so please do not disrupt daily business or approach any on-site employees. All inspections shall be set up with 48 hour’s notice.
The property is also directly across from a public parking lot which is rare for the neighborhood and has off-street parking and loading for employees in the rear. This property is being offered in “as-is” condition and the seller is not obligated to provide property improvements or alterations. This sale is Confidential so please do not disrupt daily business or approach any on-site employees. All inspections shall be set up with 48 hour’s notice.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
C
Year Built
1950
Price
$1,550,000
Price Per SF
$534.48
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.66
Lot Size
0.04 AC
Zoning
CMX-1
Frontage
16’ on Germantown Ave
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 871020750 | Improvements Assessment | $445,280 |
| Land Assessment | $111,320 | Total Assessment | $556,600 |
PROPERTY TAXES
Parcel Number
871020750
Land Assessment
$111,320
Improvements Assessment
$445,280
Total Assessment
$556,600
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