This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
707 Chestnut St
Philadelphia, PA 19106
Jefferson Flats · Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 25,374 SF |
| Property Subtype | Apartment | Average Occupancy | 80% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built/Renovated | 1900/2007 |
| Zoning | CMX5 - zoning in Philadelphia allows for high-density, mixed-use development, combining residential, commercial, and institutional uses. | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 25,374 SF |
| Average Occupancy | 80% |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2007 |
| Zoning | CMX5 - zoning in Philadelphia allows for high-density, mixed-use development, combining residential, commercial, and institutional uses. |
AMENITIES
UNIT AMENITIES
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
SITE AMENITIES
- Controlled Access
ABOUT 707 CHESTNUT ST , PHILADELPHIA, PA 19106
The Basics: 707 Chestnut Street is a 25,000 square foot five story elevator building fully sprinklered with 2 masonry enclosed fire towers. The building was gut renovated in 2007 and is modern and fully equipped in every way. All utilities are separated for each tenant, and the mechanical, electrical, HVAC, life safety and elevator systems are all commercial grade and in excellent condition. 707 Chestnut covers 100% of the lot with 28’ of frontage on Chestnut Street and a depth of 178’ deep through to Ranstead Streets. The generous width of the building provides for a very strong street level retail presence while also allowing for a spacious separate entrance and elevator lobby to the upper floors. The Restaurant Space: The first floor and lower level are a combined space of approximately 8,000 SF. The space is completely fitted out and fully equipped for a restaurant and was designed by one of the nation’s leading Chefs, Jose Garces. The 700 Block of Chestnut is known for inviting a brisk restaurant business with 2 long standing and successful Starr Restaurant anchors, Jones and Morimoto. In addition, there is a Liquor License which covers both levels available for sale as well. Mission Escape Games: On floors 2 and 3 Mission Escape Games, a group entertainment company, has taken on the space. “Mission Escape Games” (MEG) has 4 locations nationally: 1. Philadelphia 3. Anaheim, CA 2. Manhattan 4. West Hartford, CT The Apartments: Again, due to the 28’ width of the building, the apartments are ‘3 windows’ wide with unusually high ceilings. The 178’ depth of the building is interrupted on the top 2 floors by a low roof area in the middle of the building which provides a light well. The top 4 apartments enjoy windows for both front and rear units. This low roof area also provides for 2 decks and a balcony for 3 of the apartments. All of the Apartments are large and have 2 bedrooms and 2 full bathrooms. hardwood flooring, huge tile kitchens with quartz counter tops, stainless steel appliances and a stacked washer and dryer in each unit. All utilities are separate and paid by the tenant.
PROPERTY TAXES
| Parcel Number | 881301105 | Improvements Assessment | $1,050,000 |
| Land Assessment | $450,000 | Total Assessment | $1,500,000 |
PROPERTY TAXES
