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    123-129 Chestnut St Philadelphia, PA 19106

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    For Lease
    $6,000,000

    Mixed-use office building with historic architecture in a prime location.

    Property size:
    10,000 SF
    Lot size:
    0.69 Acres

    Property Features for 123-129 Chestnut St

    General Information

    Size
    10,000 SF
    Lot size
    0.69 Acres

    Source: M.S. Fox Real Estate Agent Anthony Falcone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Office Building in Old City

    This mixed-use office building features historic architecture throughout. The dramatic lobby includes 24-foot ceilings and molded Corinthian columns. Situated in the heart of Old City, it occupies the corner of 2nd and Chestnut Street, offering close proximity to Penns Landing and Old City's historic attractions. The property offers 10,000 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.143616
    Latitude
    39.948524

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    FAQs

    What type of property is this?
    Office building - Mixed-use office building with historic architecture in a prime location.
    Where is this office building located?
    The property is located at 123-129 Chestnut St Philadelphia, PA.
    What are key features of this property?
    This property features: - Historic architecture throughout the building.; - Mixed-use office building.; - Dramatic lobby with 24' ceilings and molded Corinthian Columns.
    (215) 568-8000
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    123-129 Chestnut St Philadelphia, PA 19106
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    Philadelphia, PA 19106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123-129 Chestnut St Philadelphia, PA 19106
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