(Undisclosed), Philadelphia, PA 19118

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.