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701 Chestnut St 10,500 SF 100% Leased Office Building Philadelphia, PA 19106 $3,700,000 ($352.38/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Center City Investment Opportunity
- immediate and stable income
- West Washington Square neighborhood
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$255,840
|
$24.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$255,840
|
$24.37
|
| Taxes |
$21,696
|
$2.07
|
| Operating Expenses |
$18,000
|
$1.71
|
| Total Expenses |
$39,696
|
$3.78
|
| Net Operating Income |
$216,144
|
$20.59
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $255,840 |
| Annual Per SF | $24.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $255,840 |
| Annual Per SF | $24.37 |
| Taxes | |
|---|---|
| Annual | $21,696 |
| Annual Per SF | $2.07 |
| Operating Expenses | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $1.71 |
| Total Expenses | |
|---|---|
| Annual | $39,696 |
| Annual Per SF | $3.78 |
| Net Operating Income | |
|---|---|
| Annual | $216,144 |
| Annual Per SF | $20.59 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
10,500 SF
Building Class
C
Year Built
1900
Price
$3,700,000
Price Per SF
$352.38
Cap Rate
6.25%
NOI
$231,250
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,100 SF
Slab To Slab
10’
Building FAR
4.92
Lot Size
0.05 AC
Zoning
C5, Philadelphia
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Old Nelson Food Co
- Retailer
- -
- -
- -
- Snj Property LLC
- Real Estate
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Old Nelson Food Co | Retailer | - | - | - | ||
| Snj Property LLC | Real Estate | - | - | - |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 881301095 | Total Assessment | $1,550,000 (2026) |
| Land Assessment | $465,000 (2026) | Annual Taxes | $21,696 ($2.07/SF) |
| Improvements Assessment | $1,085,000 (2026) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
881301095
Land Assessment
$465,000 (2026)
Improvements Assessment
$1,085,000 (2026)
Total Assessment
$1,550,000 (2026)
Annual Taxes
$21,696 ($2.07/SF)
Tax Year
2025
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701 Chestnut St
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