Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Highly sought-after location in Old City Philadelphia
  • Prime Location – Conveniently positioned near top amenities, schools, shopping, and transportation
  • Zoning Potential – Favorable zoning allows for a variety of residential or mixed-use projects (buyer to verify with local authorities)
  • Build a boutique residential complex, or a custom dream home, this property is a blank canvas awaiting your vision
  • Expansive Lot – Generous lot size provides ample space for multi-unit development or custom build. 27ft of frontage on Chestnut St
  • High Demand Area – Strong market demand ensures excellent return on investment for future development

Executive Summary

Prime Development Opportunity – Unlimited Potential! Unlock the possibilities with this rare development opportunity in a highly sought-after location in Old City Philadelphia! Situated in a thriving neighborhood, this expansive property offers endless potential for builders, investors, and visionaries looking to create something extraordinary. Whether you're looking to build a boutique residential complex, or a custom dream home, this property is a blank canvas awaiting your vision. Old City is one of Philadelphia’s most historic and vibrant neighborhoods, known for its charming cobblestone streets, rich cultural scene, and prime real estate opportunities. As the birthplace of American independence, the area blends historic charm with modern amenities, attracting residents and businesses alike. Located near major attractions like Independence Hall, the Liberty Bell, and the bustling waterfront, Old City boasts a thriving arts scene, top-rated restaurants, boutique shopping, and easy access to public transportation. With strong demand for residential and mixed-use development, this highly desirable neighborhood offers an exceptional investment opportunity in the heart of Philadelphia. Key Highlights:
- Prime Location – Conveniently positioned near top amenities, schools, shopping, and transportation.
- Expansive Lot – Generous lot size provides ample space for multi-unit development or custom build.
- Zoning Potential – Favorable zoning allows for a variety of residential or mixed-use projects (buyer to verify with local authorities).
- High Demand Area – Strong market demand ensures excellent return on investment for future development.

Property Facts

Price $1,780,623 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.06 AC
Zoning CMX-3 - Commercial residential district

1 Lot Available

Lot

Price $1,780,623 CAD
Price Per AC $29,258,169.85 CAD
Lot Size 0.06 AC

Prime Development Opportunity – Unlimited Potential!

Description

Prime Development Opportunity – Unlimited Potential! Unlock the possibilities with this rare development opportunity in a highly sought-after location in Old City Philadelphia! Situated in a thriving neighborhood, this expansive property offers endless potential for builders, investors, and visionaries looking to create something extraordinary. Whether you're looking to build a boutique residential complex, or a custom dream home, this property is a blank canvas awaiting your vision. Old City is one of Philadelphia’s most historic and vibrant neighborhoods, known for its charming cobblestone streets, rich cultural scene, and prime real estate opportunities. As the birthplace of American independence, the area blends historic charm with modern amenities, attracting residents and businesses alike. Located near major attractions like Independence Hall, the Liberty Bell, and the bustling waterfront, Old City boasts a thriving arts scene, top-rated restaurants, boutique shopping, and easy access to public transportation. With strong demand for residential and mixed-use development, this highly desirable neighborhood offers an exceptional investment opportunity in the heart of Philadelphia. Key Highlights: ? Prime Location – Conveniently positioned near top amenities, schools, shopping, and transportation. ? Expansive Lot – Generous lot size provides ample space for multi-unit development or custom build. ? Zoning Potential – Favorable zoning allows for a variety of residential or mixed-use projects (buyer to verify with local authorities). ? High Demand Area – Strong market demand ensures excellent return on investment for future development.

Exceptionally walkable
100/100
Very drivable
80/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
888500588
Land Assessment
$158,612 CAD
Improvements Assessment
$0 CAD
Total Assessment
$158,612 CAD
  • Listing ID: 34732659

  • Date on Market: 2025-02-05

  • Last Updated:

  • Address: 239 Chestnut St, Philadelphia, PA 19106

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}