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701 Chestnut St 10,500 SF 100% Leased Office Building Philadelphia, PA 19106 $4,927,644 CAD ($469.30 CAD/SF) 6.42% Cap Rate
Investment Highlights
- Prime Center City Investment Opportunity
- immediate and stable income
- West Washington Square neighborhood
Executive Summary
Prime Investment Opportunity- This multi-tenant retail/office property in the West Washington Square neighborhood offers immediate and stable income. Listed at $3,700,000 with a 6.25% cap rate and NOI of $231,250, it’s an excellent choice for investors seeking a strong return. The building spans 10,500 SF across 5 floors, constructed in 1900 with masonry.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$350,191
|
$33.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$350,191
|
$33.35
|
| Taxes |
$29,697
|
$2.83
|
| Operating Expenses |
$24,638
|
$2.35
|
| Total Expenses |
$54,335
|
$5.17
|
| Net Operating Income |
$295,856
|
$28.18
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $350,191 |
| Annual Per SF | $33.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $350,191 |
| Annual Per SF | $33.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,697 |
| Annual Per SF | $2.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,638 |
| Annual Per SF | $2.35 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $54,335 |
| Annual Per SF | $5.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $295,856 |
| Annual Per SF | $28.18 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,500 SF
Building Class
C
Year Built
1900
Price
$4,927,644 CAD
Price Per SF
$469.30 CAD
Cap Rate
6.42%
NOI
$316,533 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,100 SF
Slab To Slab
10’
Building FAR
4.92
Lot Size
0.05 AC
Zoning
C5, Philadelphia - Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Old Nelson Food Co
- Retailer
- -
- -
- -
- Snj Property LLC
- Real Estate
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Old Nelson Food Co | Retailer | - | - | - | ||
| Snj Property LLC | Real Estate | - | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 881301095 | Total Assessment | $2,116,727 CAD (2026) |
| Land Assessment | $635,018 CAD (2026) | Annual Taxes | $29,697 CAD ($2.83 CAD/SF) |
| Improvements Assessment | $1,481,709 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
881301095
Land Assessment
$635,018 CAD (2026)
Improvements Assessment
$1,481,709 CAD (2026)
Total Assessment
$2,116,727 CAD (2026)
Annual Taxes
$29,697 CAD ($2.83 CAD/SF)
Tax Year
2025
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701 Chestnut St
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