718 Chestnut St - Storefront Retail/Office FOR SALE


Philadelphia, PA 19106
$3,699,000 USD
215-833-6690
718 Chestnut St, Philadelphia, PA for Sale
$3,699,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | Request Cap Rate

718 Chestnut St
Philadelphia, PA 19106


OVERVIEW

Unlimited Potential is what all Investors will immediately see in this amazing 9600 Square Foot, 3 story building with a Fully Finished Basement. Located blocks from the New Market Street Revitalization Project even the 76’s Organization is considering a Move to this Up & Coming Area. The property was renovated from Top to Bottom in 2011-12 with the long list of upgrades including but not limited to New Walls, Floors and Staircases, New Electric, Plumbing and HVAC Systems and New Bathrooms. So much has been done to expedite getting a business or multiple businesses up and running in record time with minimal headaches at a huge savings. In addition, you will find an elevator for maximum convenience and sprinklers on all floors, including the basement level, for maximum safety. 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. On the Second Floor you find two Spacious Rooms with Hardwood Floors and High Ceilings. The Third Floor is a Possible Apartment Conversion to add to the Overall Value. Current Zoning is CMX-5 (Attached) which allows a variety of uses such as Retail, Office and some Residential. The Biggest Bonus could possibly be the Primo Location just one block from the Liberty Bell combining a Strong Sense of History balanced with Modern Day Convenience. Blocks from Major Historical Attractions, the City’s World Renowned Hospitals and Critically Acclaimed Restaurants your Existing or Start up Business will be Proud to be a Part of an Area that is quickly becoming “THE Place to Be”. Underwriting Report and Zoning Attached

FOR SALE DETAILS

PRICE

$3,699,000 USD

PRICE/SF

$387 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

ADD'L SUBTYPES

Office/Residential

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 IncMore Info
215-833-6690

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Mike StitzNew Horizons Real Estate IncMore Info
215-833-6690

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