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$950,000
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Property Description
7402 Germantown Avenue, also known as the historic Cresheim Cottage, offers a rare opportunity to acquire a fully built-out, approximately 3,900 SF turnkey restaurant property ideally positioned along Germantown Avenue between Philadelphia's highly sought-after Chestnut Hill and Mount Airy neighborhoods. Originally constructed circa 1700, this landmark building combines extraordinary historic character with modern hospitality infrastructure, including a fully equipped commercial kitchen with hood system, grease trap, and dedicated p'tisserie station. Formerly home to the acclaimed Jansen, the property features multiple elegant dining rooms, private event spaces, and a beautifully landscaped outdoor patio that creates a truly distinctive al fresco dining experience and serves as one of the property's signature amenities. Situated at the prominent corner of Germantown and Gowen Avenues along one of Northwest Philadelphia's most desirable and walkable commercial corridors, this exceptional asset is ideal for restaurateurs, investors, or hospitality operators seeking a one-of-a-kind destination property.
Full Property Details
Full Property Details for 7402 Germantown Ave
General
- Price: $950,000
- Taxes: $7,932 (2025)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PAPH2621264
- Updated: 5/13/2026
- Added to Site: 41 day(s) ago
Business
- Business Type: Restaurant/Bar
Parking
- Parking Type: On Street
Location
- Area: 19119 (19119)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: Gowen & Germantown Ave
Heating & Cooling
- Cooling Type: Ductless/Mini-Split
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Building Size: 3990
- Year Built: 1875
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,830
- Lot Size Source: Assessor
- Lot Dimensions: 71.00 x 110.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $238.1
- Assessment Year: 2026
- School Tax: $4,442
- City/TownTax: $3,490
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $566,700
- Tax Amount: $7,932
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 28
Listed by MSC Retail, Inc., Neema Kashi
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Schools
Schools serving 7402 Germantown Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Henry H. Houston Elementary School 7300 Rural Lane, Philadelphia, PA 19119 | K-8 | 0.2 mi |
Roxborough High School 6498 Ridge Avenue, Philadelphia, PA 19128 | 9-11 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7402 Germantown Ave
Date
Details
Price
Change
Source
5/13/2026
Listed
$950,000
216.67%
MLS
1/07/2010
Sold
$300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7402 Germantown Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,933
—
$566,700
—
2024
$7,933
13%
$566,700
100%
2021
$7,048
-8%
-100%
2023
$7,702
9%
$550,200
9%
2020
$7,048
—
$503,500
—
2019
$7,048
-3%
$503,500
-3%
2018
$7,268
13%
$519,200
13%
2017
$6,439
-54%
$460,000
-54%
2016
$14,138
4%
$1,010,000
—
2015
$13,534
—
$1,010,000
—
2014
$13,534
192%
$1,010,000
2033%
2013
$4,628
—
$47,360
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7402 Germantown Ave
7402 Germantown Avenue, Philadelphia, PA 19119 (MLS# PAPH2621264) is a Commercial Service property. 7402 Germantown Avenue is currently listed for $950,000 and was received on May 13, 2026. Want to learn more about 7402 Germantown Avenue? Do you have questions about finding other Commercial Service real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

