1517 Chestnut StPhiladelphia, PA 19102

Property Details for 1517 Chestnut St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

22,836 SF

Zone code

CMX5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

88-2-0295-05

APU

882029505

Description

This exceptional 2,400 square foot ground floor retail space is available for lease at 1517 Chestnut Street in Philadelphia, Pennsylvania, zip code 19102. Located in the heart of Center City on a bustling city block, this property presents a unique opportunity for a variety of retail businesses. The entire space is currently vacant, offering immediate occupancy for a new tenant. The property is a single-tenancy building, providing exclusive use of the entire 2,400 square feet. There are no elevators in the building. This prime location offers unparalleled visibility and foot traffic, making it ideal for a business seeking high exposure. The property is situated in Philadelphia County, Pennsylvania, and its central location provides easy access to public transportation and major thoroughfares. The address is 1517 Chestnut Street. This is a ground floor retail space perfect for a commercial enterprise, store, or boutique. The property's size and location make it an attractive option for businesses looking to establish a strong presence in a vibrant and high-traffic area of Philadelphia. The space is ready for immediate occupancy and customization to suit the needs of the new tenant. This is a rare opportunity to secure a prominent retail space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,356,590

  6.5%

  $6,790,698

  7%

  $6,305,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,983,752

  Geo Method

  $2,983,752

• Alternative Use

  Use

  Valuation

  Residential

  $8,420,466

  Hospitality

  $7,713,101

  Educational

  $6,417,210

  Medical

  $6,637,908

  Retail

  $9,982,326

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9515

Longitude

-75.1662

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].