14 W HIGHLAND AVENUE, Philadelphia, Pennsylvania, United States, 19118

3,250,000
for Sale
9,024

About the property:

An exceptional investment and redevelopment opportunity in the heart of Chestnut Hill. Offered for sale as a preferred four-parcel package, 14–20 W Highland Avenue presents a rare chance to acquire a mixed-use portfolio with immediate income, value-add potential, and long-term redevelopment flexibility. The offering consists of four contiguous parcels currently improved with two sets of twin buildings. The current uses include a blend of residential and commercial uses: 14 Highland features professional office space with a one-bedroom apartment above; 16 Highland is configured as a triplex; 18 Highland is currently used as office space, but has potential for other live/work arrangements, with an updated full kitchen and bath, and washer/dryer; and 20 Highland is a residential twin ready for a comprehensive renovation. The property provides a compelling combination of in-place cash flow and future upside. Zoned CMX-1, the site offers a wide range of possibilities for investors, developers, owner-occupants, or those seeking to reposition the assets over time, subject to all applicable municipal approvals and due diligence. Additional highlights include three on-site parking spaces and convenient access to public transportation and major roadways. Known as Philadelphia’s Garden District, Chestnut Hill boasts charming cobblestone streets, hiking, biking, and walking trails in the nearby Wissahickon, and shopping and dining destinations along and around Germantown Avenue. Opportunities of this scale and flexibility are incredibly rare.
Property Type:
Mixed Use
Status:
for Sale
Acres:
0.21
Square Feet:
9175
Heating Type:
0
Cross Street:
Germantown Avenue
Directions:
From Germantown Ave turn onto W Highland Ave - property is on your left hand side
Is Art:
Yes
Is Apartment:
Yes
Is Bed:
Yes
Is Building:
Yes
Is Garden:
Yes
Is I C I:
Yes
Is Investment:
Yes
Is Land:
Yes
Is Media:
Yes
Is Mix:
Yes
Is Office:
Yes
Is Other:
Yes
Is Parking:
Yes
Is Pub:
Yes
Is Spa:
Yes
Is Transportation:
Yes
Is Triplex:
Yes
Is Unit:
Yes
Listing ID:
PAPH2669988

Rooms

Dimensions

Brokered by:
Bhhs Fox & Roach-rosemont
Presented By:

Bruno Tarquinii

REALTOR®

Fairfax Realty Premier