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162-164 W Chelten Ave
Philadelphia, PA 19144
Chelten Lofts · Retail Property For Lease
HIGHLIGHTS
- Located at a high-traffic Germantown intersection.
- Direct access to regional transit and major roadways.
- Flexible layout with mezzanine and large basement.
- Former top-performing Rite Aid with strong sales history.
- Surrounded by dense residential and retail activity.
- Zoned CMX 2.5 for diverse commercial applications
PROPERTY FACTS
| Total Space Available | 16,712 SF | Apartment Style | Low-Rise |
| No. Units | 30 | Building Size | 32,000 SF |
| Property Type | Multifamily | Year Built/Renovated | 1940/2016 |
| Property Subtype | Apartment |
| Total Space Available | 16,712 SF |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Size | 32,000 SF |
| Year Built/Renovated | 1940/2016 |
ABOUT THE PROPERTY
Positioned in the heart of Germantown, Philadelphia, this former high-performing Rite Aid offers a rare opportunity to lease a versatile retail space beneath 30 market-rate apartments. The property spans approximately 16,040 square feet with an additional 672-square-foot mezzanine and an expansive ±18,000-square-foot basement, providing flexible configurations for a wide range of retail or service uses. Strategically located near the intersection of W Chelten Avenue and Wayne Avenue, the site benefits from CMX 2.5 zoning, supporting a variety of commercial uses. Its proximity to the Chelten Avenue Train Station and major arteries including I-76 and Germantown Avenue ensures excellent accessibility for both customers and employees. This location previously ranked in the top 25 Rite Aid stores statewide and in the top 25% nationally for transaction volume, reporting over $9 million in annual sales—underscoring its strong retail performance and customer draw. The surrounding Northwest Philadelphia neighborhoods, including Mt. Airy, Chestnut Hill, and East Falls, contribute to a vibrant and diverse consumer base.
