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    1424-26 Chestnut St Philadelphia, PA 19102

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    For Lease
    Contact for pricing

    10,000 SF retail space in the heart of Philadelphia.

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

    Property Features for 1424-26 Chestnut St

    General Information

    Size
    10,000 SF
    Lot size
    0.26 Acres

    Source: MPN Realty, Inc. Agent Veronica Blum

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

    Overview

    Prime Retail Space in Philadelphia

    This retail space offers 10,000 +/- square feet of at-grade space plus a mezzanine. The space, formerly occupied by a CVS Pharmacy, features architectural designs including arched doorways and windows, high ceilings, and stained glass windows. The property benefits from street-to-street access, with rear access on Sansom Street facilitating loading and trash disposal. It has 50 feet of frontage on both Chestnut and Sansom Streets. The property is located in the core of Philadelphia’s Central Business District and is zoned CMX-5. It is situated on one of Philadelphia’s busiest streets, directly across from The Element by Westin, a 460-room extended-stay hotel, and the W Hotel with 295 rooms, and one block from Broad Street and City Hall. The open space is filled with natural light and is within one block of all major transportation, including Suburban Station and all Broad and Market Street stops.
    Location Intelligence

    Current Use by Public Records

    Santander Bank ATM Financial Institution

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.165281
    Latitude
    39.950629

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    FAQs

    What type of property is this?
    Retail space - 10,000 SF retail space in the heart of Philadelphia.
    Where is this retail space located?
    The property is located at 1424-26 Chestnut St Philadelphia, PA.
    What are key features of this property?
    This property features: - Prime location in the heart of Philadelphia's Central Business District, directly across from major hotels and one block from Broad Street and City Hall.; - 10,000 +/- SF of at-grade retail space plus mezzanine, currently occupied by CVS Pharmacy, providing immediate income.; - Excellent accessibility with street-to-street access and rear loading on Sansom Street, plus close proximity to all major transportation, including Suburban Station.
    (215) 413-4900
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    1424-26 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
    1424-26 Chestnut St Philadelphia, PA 19102
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