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718 Chestnut St 9,555 SF Retail Building Philadelphia, PA 19106 $3,834,792 CAD ($401.34 CAD/SF)
Investment Highlights
- Located between 7th and 8th Streets, steps away from major historical landmarks including Independence Hall and the Liberty Bell.
- High-visibility frontage on Chestnut Street with steady pedestrian and vehicle traffic in a thriving retail corridor.
- Within walking distance to public transit including SEPTA Market-Frankford Line and multiple bus routes for optimal commuter access.
- Zoned CMX-5, providing exceptional redevelopment flexibility with no maximum height restriction.
- Surrounded by dining, retail, entertainment venues, and cultural attractions in Old City and Center City.
Executive Summary
Investors & Entrepreneurs take note of this rare opportunity to own this amazing 9600 square foot turnkey property. Currantly 100% Vacant. This impressive three story building also 00%includes a Fully Finished Basement with Elevator service to all levels. A complete renovation from Top to Bottom in 2011-12 includes a long list of upgrades from New Bathrooms, Walls, Floors and Staircases to New Electric, Plumbing and hi-efficiency HVAC Systems. The heavy lifting has already been done to expedite and prepare this luxury space for your business or multiple businesses to be up and running in record time with minimal headaches and huge savings. In addition, you will find that a sprinkler system has been installed on all floors, including the basement level for maximum safety and code compliance. Once you see the interior layout your mind will be working overtime imagining all of the possibilities that this incredible property presents to you. The First Floor offers a Grand Reception area and kitchenette where you can picture a flagship retail store. On the Second Floor you find two Spacious Rooms with gleaming Hardwood Floors and soaring Ceilings perfect for a gallery or high end office space. The Third Floor is a blank canvas opening options for an Apartment Conversion adding to the overall value. And, don’t forget the finished basement providing tons of additional storage or work space. Current Zoning is CMX-5 (Attached) which opens up unlimited potential for high end retail, professional offices or residential conversion. Located just blocks from the Market Street Revitalization Project you have Major Historical Attractions, the City’s World Renowned Hospitals and Critically Acclaimed Restaurants all blending perfectly side by side. Be assured that whether your new space attracts an already thriving or unique start up business they will be proud and anxious to be a part of an area that is quickly becoming the city’s premier “Place to Be”.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,555 SF
Building Class
B
Year Built/Renovated
1900/2008
Price
$3,834,792 CAD
Price Per SF
$401.34 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.74
Lot Size
0.08 AC
Zoning
CMX5 - In Philadelphia, CMX-5 zoning is primarily intended for mixed-use development in the central core of Center City
Frontage
18’ on Chestnut St
Amenities
- Bus Line
- Metro/Subway
- Signage
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 881301300 | Improvements Assessment | $3,132,024 CAD |
| Land Assessment | $348,003 CAD | Total Assessment | $3,480,027 CAD |
Property Taxes
Parcel Number
881301300
Land Assessment
$348,003 CAD
Improvements Assessment
$3,132,024 CAD
Total Assessment
$3,480,027 CAD
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Presented by
New Horizons Real Estate, Inc.
718 Chestnut St
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