MLS#PAPH2669988
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONCHESTNUT HILL
SCHOOLPHILADELPHIA CITY
Property Description
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 Features
Property Type: Commercial -
Cooling: Central A/C, Window Unit(s)
Fuel Type: Electric, Natural Gas
Heating: Heat Pump(s), Forced Air, Hot Water, Radiator
Lot Size: 0.21 Acres
Roof Type: Flat, Asphalt
Taxes: $24,312
Year Built: 1925
Feature Descriptions
Accessibility: 2+ Access Exits,32"+ wide Doors
Days on Site: 15
Exterior: Brick
Flooring: Hardwood
Lot: Corner
Lot Dimensions: 0.21 Acre(S)
Municipality: PHILADELPHIA
Parking Notes: Paved Parking
Sewer: Public Sewer
Total Garage/Parking Spaces: 3
Units: 7
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: BHHS Fox & Roach-Rosemont
Agency Phone: 6105276400
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
14-20 W Highland Avenue | MLS# PAPH2669988
This commercial property located at 14-20 W Highland Avenue, Philadelphia, PA 19118 is currently listed for sale with an asking price of $3,250,000. 14-20 W Highland Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.