$ 3,000,000
-
$3,000,000
Price -
10
Bed - Bath
-
25,374
SqFt
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About the Listing KWEMPWR - 3152602,3186904
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.
Listing Highlights for 707 Chestnut St
Status
Active
Days on Site
96
Property Type
Multi-Family
MLS ®
PAPH2485058
Year Built
1900
Total Square Footage
25,374
Lot/Acreage
0.11
Interior Details
- Bedrooms: 10
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 25374
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 28.00 x 178.00
- Zoning: CMX5
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $20,997
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
707 Chestnut St Philadelphia, PA 19106
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