718 Chestnut St - Storefront Retail/Office FOR SALE


Philadelphia, PA 19106- Center City East
$2,699,000 USD
215-833-6690
718 Chestnut St, Philadelphia, PA for Sale
$2,699,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

718 Chestnut St
Philadelphia, PA 19106
Center City East


HIGHLIGHTS

  • Located between 7th and 8th Streets, steps away from major historical landmarks including Independence Hall and the Liberty Bell.
  • Zoned CMX-5, providing exceptional redevelopment flexibility with no maximum height restriction.
  • High-visibility frontage on Chestnut Street with steady pedestrian and vehicle traffic in a thriving retail corridor.
  • Surrounded by dining, retail, entertainment venues, and cultural attractions in Old City and Center City.
  • Within walking distance to public transit including SEPTA Market-Frankford Line and multiple bus routes for optimal commuter access.

OVERVIEW

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 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”.

FOR SALE DETAILS

PRICE

$2,699,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CMX5

APN/PARCEL ID

881301300

ASK ABOUT THIS PROPERTY

Mike StitzNew Horizons Real Estate, Inc.More Info
215-833-6690

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Mike StitzNew Horizons Real Estate, Inc.More Info
215-833-6690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.