707 Chestnut StPhiladelphia, PA 19106

Property Details for 707 Chestnut St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

25,374 SF

Zone code

CMX5

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

88-1-3011-05

APU

881301105

Description

This exceptional business opportunity presents a thriving, newly renovated 4200 square foot upscale pizza restaurant located on Chestnut Street in Philadelphia, Pennsylvania, zip code 19106. The establishment boasts a charming and inviting atmosphere, perfect for both casual dining and romantic evenings. The restaurant's menu features a diverse selection of high-quality pizzas and other classic Italian dishes, prepared with fresh, carefully sourced ingredients. From the rich tomato sauce to the perfectly crisp crust, every dish reflects a commitment to authentic Italian flavors. Beyond pizza, the menu includes a variety of pasta dishes, calzones, and fresh salads, catering to a wide range of tastes and dietary needs. The restaurant's prime location on Chestnut Street ensures high visibility and foot traffic, contributing to its success as a local favorite. This turnkey operation offers a unique chance to acquire a well-established and profitable business in a vibrant Philadelphia neighborhood. The sale includes all necessary equipment and fixtures for immediate operation. Financial details are available upon request. This is an exceptional opportunity for an experienced restaurateur or a savvy investor seeking a profitable venture in a desirable market. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $10,136,012

  6.5%

  $9,356,319

  7%

  $8,688,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,138,818

  Geo Method

  $5,138,818

• Alternative Use

  Use

  Valuation

  Residential

  $9,356,319

  Hospitality

  $8,570,338

  Educational

  $7,130,420

  Medical

  $7,375,646

  Retail

  $11,091,765

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9498

Longitude

-75.1526

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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