4206-4208 Chestnut St - Apartments FOR SALE


Philadelphia, PA 19104- University City
$1,150,000 USD
215-454-2879
4206-4208 Chestnut St, Philadelphia, PA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

4206-4208 Chestnut St
Philadelphia, PA 19104
University City


HIGHLIGHTS

  • Development Site in University City: Shovel Ready Construction Project on Chestnut Street Just Off 42nd Street
  • Abundant Neighborhood Amenities: Popular Cafes, Bars, Restaurants; Aldi, Acme and Grocery Outlet
  • Eds & Meds Tenant Base: Proximity to University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University Science Center
  • Access to Public Transit & Highways: Bus, Trolley, Light Rail and Regional Rail; Proximity to Interstates 76 and 676

OVERVIEW

On behalf of Ownership, GREA extends to qualified investors the opportunity to acquire the fee simple interest in 4206-4208 Chestnut Street, a 2,754± square foot development site in the University City section of Philadelphia. Zoned CMX-4, the site offers new ownership with the opportunity to develop 23 residential units “by right” with a diverse unit mix to attract the growing “eds and meds” tenant base. 4206 Chestnut features an extremely walkable location (96 Score) in the Spruce Hill section of University City. Penn Presbyterian Medical Center and the Science Center (±15-minute walk), Drexel’s Vidas Athletic Complex and Fields (±8-minute walk), and the University of Pennsylvania, Drexel University, St. Joseph’s University, Penn Medicine, and the Children’s Hospital of Philadelphia (±25-minute walk or ±10-minute bike ride) are all in proximity. Further, SEPTA’s Market-Frankford Line is accessible via 40th Street or 46th Street Stations, and a bus stop is within steps from the site.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

2

PRICE/UNIT

$575,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Family Development

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,805 SF

ZONING

CMX-4

APN/PARCEL ID

272016400,272016500

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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