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5616-5636 Chestnut St 18,340 SF Vacant Office Building Philadelphia, PA 19139 $3,139,200 CAD ($171.17 CAD/SF)
INVESTMENT HIGHLIGHTS
- Bankruptcy Sale
EXECUTIVE SUMMARY
Bankruptcy Sale:
5616-36 Chestnut St is a 2-story, 18,340 SF elevator-served building that was previously occupied by Mercy Health Associates and Renal Center of Philadelphia; it was most recently occupied in 2022 and is currently vacant. The building is in need of cleaning and updating before it can be occupied again. It is built out with numerous doctor’s offices and exam rooms throughout. The parcel also includes striped parking for approximately 23 vehicles.
This can be sold on it's own or along with the adjacent parcel, 5600-14 Chestnut St. The Asking Price for both properties combined is $4,150,000.
The offering presents a great opportunity for a medical user or as a future development site.
*ALL OFFERS TO PURCHASE ARE SUBJECT TO BANKRUPTCY COURT APPROVAL AND ARE ALSO SUBJECT TO HIGHER AND BETTER OFFERS*
5616-36 Chestnut St is a 2-story, 18,340 SF elevator-served building that was previously occupied by Mercy Health Associates and Renal Center of Philadelphia; it was most recently occupied in 2022 and is currently vacant. The building is in need of cleaning and updating before it can be occupied again. It is built out with numerous doctor’s offices and exam rooms throughout. The parcel also includes striped parking for approximately 23 vehicles.
This can be sold on it's own or along with the adjacent parcel, 5600-14 Chestnut St. The Asking Price for both properties combined is $4,150,000.
The offering presents a great opportunity for a medical user or as a future development site.
*ALL OFFERS TO PURCHASE ARE SUBJECT TO BANKRUPTCY COURT APPROVAL AND ARE ALSO SUBJECT TO HIGHER AND BETTER OFFERS*
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
18,340 SF
Building Class
B
Year Built
1925
Price
$3,139,200 CAD
Price Per SF
$171.17 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,170 SF
Building FAR
0.98
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
CMX-2 - Commercial Mixed Use allows for neighborhood-serving retail and service uses, as well as residential uses above the ground floor
Parking
22 Spaces (1.2 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 773016500 | Improvements Assessment | $1,923,652 CAD |
| Land Assessment | $422,265 CAD | Total Assessment | $2,345,917 CAD |
PROPERTY TAXES
Parcel Number
773016500
Land Assessment
$422,265 CAD
Improvements Assessment
$1,923,652 CAD
Total Assessment
$2,345,917 CAD
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5616-5636 Chestnut St
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