1208 Chestnut St
Philadelphia, PA 19107
Approved Midtown mixed-use development · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Irreplaceable location in the heart of Center City Philadelphia at epicenter of the Midtown Village and Market East neighborhoods.
- The location of the property provides for tremendous access to public transportation.
- All of the amenities of Center City at your doorstep; award-winning restaurants, renowned cultural institutions and acclaimed hospitals.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,876 SF
Building Class
C
Year Built
1900
Tenancy
Single
Building Height
3 Stories
Building FAR
2.45
Lot Size
0.13 AC
Zoning
CMX-5 - Commercial mixed-use district. Districts primarily intended to accommodate community and region-serving retail and service uses
Frontage
ABOUT 1208 CHESTNUT ST , PHILADELPHIA, PA 19107
Located in Midtown Village, this new-construction mixed-used development opportunity sits in the heart of Center City’s commercial corridor. The 5,875 SF site is zoned CMX-5 and runs street to street from Chestnut to Sansom Streets. The project is fully approved and permitted for an for 11-story mixed-use building featuring 49 residential units, two retail spaces and roof decks. The property is situated in a prime location that is seeing a tremendous amount of redevelopment with its close proximity to Market Street East, Thomas Jefferson University Hospital, South Broad Street, and Center City.
PROPERTY TAXES
| Parcel Number | 881301985 | Improvements Assessment | $1,610,000 |
| Land Assessment | $690,000 | Total Assessment | $2,300,000 |
