An 11,400 sf commercial/office building at 613 W Cheltenham Avenue in Elkins Park (Cheltenham Township) is on the market for $875,000.

According to the listing, the three-story building is 100% leased and comes with six parking spaces.

In December 2023, Cheltenham Township received an application to redevelop the property. In July 2024, the township issued these variances.

From the description:

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.

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