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Office Building | Redevelopment Site 4225-4231 Chestnut St 27,820 SF Office Building Philadelphia, PA 19104 $2,200,000 ($79.08/SF)



INVESTMENT HIGHLIGHTS
- ±28K Square Foot Office Building with Redevelopment Potential in a Prime University City Location
- Strong Market Fundamentals with High Demand for Multifamily, Student Housing, and Life Science Uses
- High-Density Mixed-Use Zoning (CMX-4) on a ±0.30-Acre Lot with Two Street Frontages ±65ft Width
EXECUTIVE SUMMARY
4225-31 Chestnut Street presents a rare investment opportunity in the heart of University City - one of Philadelphia’s strongest and most rapidly evolving submarkets. The property consists of a ±27,820 square foot office building delivered vacant, offering immediate flexibility for repositioning, adaptive reuse, or full redevelopment. Situated on a sizable lot with high-density zoning (CMX-4) and excellent frontage (±65 ft) along both Chestnut and Ludlow Streets, the site benefits from strong visibility, accessibility (±2 blocks to the 40th Street MFL Station), and proximity to major institutions including the University of Pennsylvania, Drexel University, and Penn Presbyterian Medical Center. This property presents the opportunity to generate income while pursuing plans for redevelopment, or obtain a long-term tenant in a core submarket. The site’s favorable zoning and surrounding high-demand rental and student housing market further enhance its long-term upside.
With exceptional fundamentals, strong surrounding demographics, and limited development-ready sites remaining in University City, 4225 Chestnut Street offers developers a strategic opportunity to unlock significant value through redevelopment or repositioning in one of Philadelphia’s most sought-after growth corridors.
With exceptional fundamentals, strong surrounding demographics, and limited development-ready sites remaining in University City, 4225 Chestnut Street offers developers a strategic opportunity to unlock significant value through redevelopment or repositioning in one of Philadelphia’s most sought-after growth corridors.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
27,820 SF
Building Class
C
Year Built
1960
Price
$2,200,000
Price Per SF
$79.08
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
13,910 SF
Slab To Slab
12’
Building FAR
2.00
Lot Size
0.32 AC
Zoning
CMX-4 - Primarily intended to accommodate mixed-use development, including a broad range of both residential & non-residential uses, in the Center City area.
Parking
1 Spaces (0.04 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Air Conditioning
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (89)
Bike Score®
Biker's Paradise (94)
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Contact the Sale Advisor
Office Building | Redevelopment Site | 4225-4231 Chestnut St
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