$ 3,291,500
-
$3,291,500
Price -
0
Bed -
0
Bath -
9,555
SqFt
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About the Listing CBHS-DY - 3293426
Public Remarks: 718 Chestnut Street presents a rare opportunity to own a premier mixed-use property in the heart of Philadelphia’s historic Old City/Center City East district. Offered at $3,291,500, this high-profile building is located along one of the city’s most iconic commercial corridors, surrounded by world-class dining, shopping, cultural landmarks, and transit options. Zoned CMX-5 (Commercial Mixed-Use – highest density in Philadelphia), the property allows for maximum development flexibility including retail, restaurant, office, hotel, cultural, and multi-family residential uses. With no maximum height and generous FAR allowances, this site is ideally suited for investors, developers, and end-users seeking a flagship location in Philadelphia’s urban core. Highlights: Prime location between 7th & 8th Streets, steps from Independence Hall, the Liberty Bell, Washington Square, and Jefferson/PA Hospital. Walking distance to public transportation, including the Market–Frankford Line (8th & Market Station) and multiple SEPTA bus routes. High-visibility frontage along Chestnut Street with steady foot and vehicle traffic. Surrounded by thriving retail, dining, and entertainment destinations in Old City and Center City. Flexible CMX-5 zoning enabling significant redevelopment or repositioning potential. Whether repositioned as a flagship retail space, redeveloped into luxury residential units, or transformed into a mixed-use tower, 718 Chestnut Street offers unmatched visibility, density, and long-term upside in one of the nation’s most historically significant and economically vibrant urban neighborhoods.
Listing Highlights
Status
Active
Days on Site
120
Property Type
Commercial Sale
MLS ®
PAPH2528930
Year Built
1900
Total Square Footage
9,555
Lot/Acreage
0.08
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 23.00 x 145.00
- Zoning: CMX-5: Highest-density mixed-use zoning in Philadelphia, allowing unlimited height, retail, office, residential & hotel uses
- Roof:
- Others:
- Sewer: Public Septic,Public Sewer
- Parking Features: On Street,Parking Lot,Private Garage,Public Garage
Financial Details
- Tax Amount: $35,287
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
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Questions About..
718 Chestnut St Philadelphia, PA 19106
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