1802 Chestnut StPhiladelphia, PA 19103

Property Details for 1802 Chestnut St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

2,944 SF

Zone code

CMX5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-0049-50

APU

871004950

Description

This exceptional 1,100+/- square foot ground-floor retail space is ideally situated on a high-traffic block in Philadelphia's prestigious Rittenhouse Square submarket. Boasting a prominent 16-foot storefront window, this single-tenant property offers unparalleled visibility and accessibility. The CMX-5 zoning allows for a variety of retail uses. Its location is steps from Rittenhouse Square and the Market Street business district, benefiting from the proximity to numerous recently completed and ongoing high-density residential developments. The surrounding neighborhood is renowned for its upscale ambiance, featuring high-end luxury apartments, acclaimed fine dining establishments, and an abundance of luxury amenities. This property presents a unique opportunity to establish a business within one of Philadelphia's most exclusive and desirable areas. The address is 1802 Chestnut Street, Philadelphia, PA 19103, and the property consists of one building.

• CAP approach

  CAP return

  Valuation

  6%

  $948,406

  6.5%

  $875,452

  7%

  $812,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $384,663

  Geo Method

  $384,663

• Alternative Use

  Use

  Valuation

  Residential

  $1,085,560

  Hospitality

  $994,367

  Educational

  $827,302

  Medical

  $855,754

  Retail

  $1,286,914

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9515

Longitude

-75.1706

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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