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USAPAPhiladelphiaCenter City707 Chestnut St
707 Chestnut St, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1
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$3,000,000

707 Chestnut St, Philadelphia, PA

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 25374 sqft
Garage No
Maintenance Fees 
Taxes $20,997
Days Active 10
Approx. Age 1900
Avg. Price Per Sqft $118
MLS® Number PAPH2485058

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

On behalf of ownership, The TCS Group is pleased to present the exclusive opportunity to acquire the fee simple interest in 707 Chestnut Street — home to Jefferson Flats, a boutique collection of five well-appointed two-bedroom apartments located in the heart of Center City Philadelphia. The property also features 4, 200 square feet of prime ground-floor retail space, currently leased to an established restaurant operator with a newly extended lease. An additional 4, 546 square feet of commercial space spans the second and third floors, offering flexible potential for various future uses. This offering presents new ownership with a compelling value-add opportunity. With modest upgrades to the building’s common areas and light cosmetic enhancements to the residential units, there is strong potential to increase rental income. Moreover, a strategic approach to activating and monetizing the upper-level commercial space can unlock significant additional cash flow for an incoming investor.Show Description
MLS® NumberPAPH2485058
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Natural Gas
A/CCentral A/C, Natural Gas
Heating Fuel

Extras

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