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221 Chestnut St
Philadelphia, PA 19106
Landreth Bldg · Office Property For Sale
Investment Highlights
- The property features a five-story, 12,000SF office building in the Heart of Old City.
- Unique opportunity for an owner user to occupy this office building; flexible leases allow for phased growth with the other occupied floors producing
- The property is within a short walk to SEPTA and PATCO.
- Property boasts high ceilings, floor to ceiling windows, exposed wood beams and an elevator.
- Currently 80% occupied with short-term leases, the building offers an excellent opportunity to convert the building into highly sought after apartment
- Building is being offered at $2,500,000.
Property Facts
Property Type
Office
Building Size
12,000 SF
Building Class
B
Year Built/Renovated
1860/2000
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,400 SF
Slab To Slab
12’
Building FAR
4.24
Lot Size
0.06 AC
Zoning
CMX-3 - Commercial Mixed Use
Amenities
- Property Manager on Site
Property Taxes
| Parcel Number | 883300800 | Improvements Assessment | $1,790,080 |
| Land Assessment | $447,520 | Total Assessment | $2,237,600 |
Property Taxes
Parcel Number
883300800
Land Assessment
$447,520
Improvements Assessment
$1,790,080
Total Assessment
$2,237,600
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