A theoretical prediction on the structural stabilities, mechanical properties, and electronic properties of the C-centered orthorhombic (Cco) Si(8) and Ge(8) is presented, inspired by a recently proposed carbon allotrope structure, Cco-C(8). Energetically comparable with previously known metastable phases, Cco-Si(8) and Cco-Ge(8) may be obtained by decompressing the high-pressure β-Sn phases, or by compressing the corresponding nanotubes. The calculated bulk moduli of Cco-Si(8) and Cco-Ge(8) are close to those of the diamond phases. Further study of the electronic properties reveals that the band gaps of Cco-Si(8) and Cco-Ge(8) are tunable with variations in lattice parameters.