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$499,000
12 Beds ⋅ 4 Baths
Philly CRE Advisors presents a rare opportunity to acquire a highly versatile asset suited for investors, developers, care facility operators, or nonprofit organizations. 329 Wister St features a 5,762 sq. ft. main building with a current L&I certificate confirming approval for a 12-room rooming house accommodating up to 27 residents, offering a strong opportunity for group housing or care-related use. The property is currently vacant, with renovations started but not completed, allowing an investor to step in and finish the project to their specifications. Recent improvements include new windows, LVP flooring, and on-site construction materials, helping streamline completion. Originally built in the 1800s as a coach house and hotel, the property retains its historic character and is positioned for repositioning or redevelopment. The layout spans multiple floors and is configured for a high bedroom count with multiple bathrooms, along with a fire escape exit. A full-length basement provides additional utility and storage space. A detached 777 sq. ft. carriage house offers additional flexibility for office, storage, or residential use, and includes central air and heating. The property sits on a substantial 22,332 sq. ft. street-to-street lot, providing ample room for expansion, outdoor use, or future redevelopment. Positioned in the heart of Germantown, the property benefits from a neighborhood rich in history, strong community presence, and continued investment, making it an ideal location for both immediate repositioning and long-term growth.

329 E Wister St, Philadelphia

Listing courtesy of BHHS Fox & Roach-Center City Walnut. Contact: (215) 627-6005