4445 Chestnut StPhiladelphia, PA 19104

Property Details for 4445 Chestnut St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

3,384 SF

Zone code

CMX2

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

88-1-6119-30

APU

881611930

Description

This exceptional 3,400 square foot office building, located at 4445 Chestnut Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. Built in 1915, this four-story structure sits on a 0.04-acre lot and is zoned CMX-2, offering versatility for various uses. Currently configured as a blend of creative and traditional office space, the property also includes five leased apartment units, a mix of studios, one-bedroom, and two-bedroom units, and one vacant ground floor retail space. The building boasts a strong history of rental occupancy, making it an attractive prospect for an owner-user seeking to combine office space with rental income. The asking price for this individual building is $695,000. Note that this property is part of a larger portfolio also available for sale. The building's prime location in the 19104 zip code offers excellent access to Philadelphia's vibrant city center and its amenities. This presents a compelling value-add opportunity for a savvy investor or business owner looking to establish a presence in a desirable Philadelphia neighborhood. The potential for increased revenue through the vacant retail space and the existing strong rental income from the apartments adds significant upside to this investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,181,567

  6.5%

  $1,090,677

  7%

  $1,012,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $685,338

  Geo Method

  $685,338

• Alternative Use

  Use

  Valuation

  Residential

  $1,090,677

  Hospitality

  $999,054

  Educational

  $831,202

  Medical

  $859,788

  Retail

  $1,292,980

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.957

Longitude

-75.2111

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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