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Commercial building for sale on 613 W Cheltenham Av in Melrose Park. This is a cleaned out building with approx 11, 500 sq ft on the two floors and with 1,166 sq ft in usable basement space. The property comes with a 6 parking spaces that will be located on 0 Coventry Rd next to it and it is a subject of the lot consolidation. The building is granted a variance for 6 units and a basement space for office or storage. This building has an enormous potential for a development, it has a prime location and it will have a very high cash flow once developed. The buyer has to do the due diligence with the township in respect to approved variance. All offer will be presented.
| DAYS ON MARKET | 20 | LAST UPDATED | 4/16/2025 |
|---|---|---|---|
| TRACT | MELROSE PARK | YEAR BUILT | 1953 |
| COMMUNITY | Cheltenham Twp (10631) | COUNTY | MONTGOMERY |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | CHELTENHAM |
|---|
| PRICE HISTORY | |
| Prior to Apr 16, '25 | $950,000 |
|---|---|
| Apr 16, '25 - Today | $900,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | Cheltenham Twp (10631) |
| CONSTRUCTION | Brick |
| HEAT | None |
| LOT | 7841 sq ft |
| PARKING | On Street, Private, Driveway |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | MELROSE PARK |
| TAXES | 9500 |
| UTILITIES | Water Available, Sewer Available, Natural Gas Available, Electricity Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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