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    1518 Chestnut St Philadelphia, PA 19102

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    For Lease
    Contact for pricing

    Turn-key restaurant space in prime Rittenhouse Square location.

    Property size:
    2,500 SF
    Lot size:
    0.07 Acres

    Property Features for 1518 Chestnut St

    General Information

    Size
    2,500 SF
    Lot size
    0.07 Acres

    Source: Equity CRE Agent Steve Jeffries

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

    Overview

    Restaurant Space in Rittenhouse Square

    This is a ±2,500 square foot second-generation restaurant space. The property features a recently upgraded kitchen and appealing restaurant decor. All furniture, fixtures, and equipment (FF&E) are in place. The space includes a usable basement area suitable for storage. The property is situated in a prime location within Rittenhouse Square.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amma's South Indian ... South Indian Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Andro's, Philly Cheesesteak, Michael's Cafe/Home of Mary's Catering, Garces Trading Company, A.N.S. EVENTS & CATERING LLC

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.16637
    Latitude
    39.95089

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant space in prime Rittenhouse Square location.
    Where is this restaurant located?
    The property is located at 1518 Chestnut St Philadelphia, PA.
    What are key features of this property?
    This property features: - Prime Rittenhouse Square location; - ±2,500 SF 2nd gen restaurant space; - All FF&E in place
    (610) 645-7700
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    1518 Chestnut St Philadelphia, PA 19102
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    Philadelphia, PA 19102
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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
    1518 Chestnut St Philadelphia, PA 19102
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