1525 Chestnut StPhiladelphia, PA 19102

For Lease
  • Retail space
  • 23,232 SF

Property Details for 1525 Chestnut St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.08 AC
Property size (Sq ft)
23,232 SF
Zone code
CMX5
Property type
Retail space
Property subtype
Storefront properties
APN
88-2-0208-70
APU
882020870

Description

This exceptional Class A retail property, located at 1525 Chestnut Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. The building boasts a total of 23,232 square feet across six stories, currently configured as a single, multi-tenant space. A significant 1,455 square feet is immediately available for lease, ideal for a restaurant or similar establishment. The building features a convenient elevator and is situated within the CMX5 zoning district. Its prime location in the heart of Center City's office district offers unparalleled accessibility. Just steps from City Hall, the property benefits from proximity to SEPTA public transportation, numerous high-end shops, boutiques, restaurants, and hotels, ensuring high foot traffic and visibility. This location provides exceptional convenience and exposure for any business seeking a thriving Philadelphia presence. The building's address is 1525 Chestnut Street, Philadelphia, PA 19102, within Philadelphia County. This is a rare chance to secure a prominent retail space in one of Philadelphia's most desirable locations. The available space offers a blank canvas for a discerning tenant to create a thriving business within a well-established and highly sought-after commercial building. The building's size and location make it an ideal opportunity for a variety of restaurant concepts or similar businesses.

1525 Chestnut St, Philadelphia, Pennsylvania

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9515
Longitude
-75.1665
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,724
$638,996
$2,556,004
$3,195,000
-
$638,996
$2,556,004
$3,195,000

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