Germantown Friends School has purchased a prominent building on Germantown Avenue for just over $2 million. The acquisition expands the school’s campus to nearly a full city block.

The Colonial Revival-style building at 5452–58 Germantown Avenue currently houses a Wells Fargo branch. Both parties confirmed the branch will remain open for now.

The property spans more than 11,000 square feet on over an acre of land. A school spokesperson said there are no immediate redevelopment plans.

Zoning permits approved last year allow for a mezzanine addition. Filings show potential plans for an academic building with music-related spaces.

Founded in 1845, Germantown Friends School serves approximately 1,100 students from preschool through high school. The school has occupied its current Northwest Philadelphia campus since the 1860s.

With this purchase, the school now controls nearly the entire block. The only exception is the Deshler-Morris House at 5442 Germantown Avenue, a national landmark that once hosted George Washington.

The property sold for $2.05 million, well below its assessed value of $4.98 million. The discount highlights ongoing valuation gaps in institutional and retail-adjacent properties.

*Article courtesy of The Philadelphia Business Journal

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