4206 Chestnut St, Philadelphia, PA 19104

Listing office GREA

Listing date Oct 10, 2024

Source Crexi

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Overview

This 2,754 square foot development site is located at 4206-4208 Chestnut Street in the University City section of Philadelphia. The property is zoned CMX-4, offering the opportunity to develop 23 residential units "by right". The location has a walk score of 96 and is situated in the Spruce Hill section of University City. Penn Presbyterian Medical Center and the Science Center are approximately a 15-minute walk away. Drexel’s Vidas Athletic Complex and Fields are approximately an 8-minute walk away. The University of Pennsylvania, Drexel University, St. Joseph’s University, and the Penn Medicine and Children’s Hospital of Philadelphia complexes are approximately a 25-minute walk or a 10-minute bike ride away. SEPTA’s Market-Frankford Line is accessible via 40th Street or 46th Street Stations, and a bus stop is located steps from the site. The property is suitable for attracting the growing "eds and meds" tenant base.

Suggested Use

Law Firm Building Supply Electrical Service (Bike/Boat/Book/etc) Store Florist Kitchen & Bath Showroom Pet Grooming Service HVAC Service Pet Store Plumbing Service

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

Location Insight

• Map
• Local Demand

City

Philadelphia

County

Delaware

State

Pennsylvania

Longitude

-75.20651

Latitude

39.955925

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FAQs

What type of property is this?

Commercial land - 2,754 SF development site near universities and medical centers.

Where is this commercial land located?

The property is located at 4206 Chestnut St Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Opportunity to develop **23 residential units** "by right" due to CMX‑4 zoning.; Located in the highly walkable Spruce Hill section of University City (**Walk Score: 96**).; Proximity to major educational and medical institutions (University of Pennsylvania, Drexel University, Penn Presbyterian Medical Center, CHOP).