718 Chestnut St 9,555 SF Vacant Retail Building Philadelphia, PA 19106 For Sale

718 Chestnut Street offers a rare opportunity to acquire a fully vacant, three-story commercial property in the heart of Philadelphia’s Center City. Spanning 9,555 SF on a 0.08-acre lot, this asset features approximately 23 feet of prime frontage along Chestnut Street, one of the city’s most active retail and business corridors. The property is equipped with an elevator system, fire alarm, and full sprinkler coverage, ensuring compliance and safety for future occupants.
Zoned CMX-5, the highest-density commercial mixed-use designation in Philadelphia, this property provides exceptional flexibility for redevelopment or adaptive reuse. Potential uses include retail, office, medical, or mixed-use concepts, capitalizing on the strong pedestrian traffic and proximity to major landmarks such as Independence Hall, the Liberty Bell, and the Fashion District. The site is well-connected, with multiple SEPTA bus and subway stations within a short walk, and easy access to I-676 and I-95 for regional connectivity.
Surrounded by a dense population and robust daytime workforce, this location benefits from strong demographics, with an average household income exceeding $100,000 within a 3-mile radius. Investors and developers will appreciate the long-term upside in one of Philadelphia’s most dynamic submarkets.