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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,302,490
6.5%
$1,202,300
7%
$1,116,420
Comparable approach
Method
Valuation
Relative Method
$517,320
Geo Method
$517,320
Alternative Use
Use
Valuation
Industrial / Distribution
$1,830,460
Retail / Commercial
$964,516
Mixed-Use / Specialty
$981,458
Hospitality / Lodging
$746,600
Office
$996,856
Institutional / Educational
$1,027,600
Multifamily
$1,328,980
Automotive / Energy
$880,804
Parking / Income-Based Land
$283,819
Restaurant / Food Service
$553,961
Healthcare / Senior Housing
$985,567
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
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Chestnut St Philadelphia, PA 19104
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Chestnut St Philadelphia, PA 19104
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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