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Office Suite with Private Offices
For Lease
$645/Mo

124 CHESTNUT Street, Philadelphia, PA 19106

CommercialLease - PHILADELPHIA, PA

Days on Market51

Property Features for 124 CHESTNUT Street

General Information

Property type Other
Property subtype Office
Middle school GEN. GEORGE A. MCCALL SCHOOL
Elementary school district PHILADELPHIA CITY
Middle school district PHILADELPHIA CITY
High school district PHILADELPHIA CITY
Standard status Active

Utilities

Heating system Baseboard, Electric (Heating)
Cooling system Central Air

Building Details

Year built 1900
Building materials Masonry
Listing Agency: BMB Living, Inc.
Listed By: Marvis Burns · License #RS323408
Added: Jun 11 Changed: Jun 29 Last Checked: Jul 31 at 4:06AM
MLS# PAPH2633478

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The Chestnut Offices at 124 Chestnut Street offers a professional office suite configured with 18 small private offices, along with a shared conference room and a reception area for client arrivals. Lease terms are 12 months, and each private office is approximately 200 square feet.

The building is located at 124 Chestnut Street in Philadelphia, with transit convenience noted as being one block from the subway at 2nd and Market. The listing also highlights easy access to I-95 and the Ben Franklin Bridge, supporting flexible commuting for staff and clients.

This layout is well suited for tenant types such as attorneys, IT professionals, and therapists. The operator specifies a quiet workplace approach and selects tenants based on expected foot traffic. The space does not accept security companies or street marketing teams, which may help maintain a more consistent service-oriented office environment for current and prospective tenants.

Key Highlights

  • Chestnut Offices at 124 Chestnut Street offers 18 small private offices plus a shared conference room and reception area
  • Each office is approximately 200 SF
  • 12‑month lease terms

Property Analytics

Current Use

Integrative Body Therapy ... Alternative Medicine Practice The Chestnut Offices Coworking & Hybrid Office MA Selections Brewery & Distillery Neumann Paige Inc Marketing & Advertising Mental Health Consultations, ... Marriage Or Relationship Counselor

Suggested Use

Top Pick Plumbing Service Tanning Salon (Bike/Boat/Book/etc) Store Pet Grooming Service Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Office units
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,993
Businesses Nearby

Demographics for 19106, PA

15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$23.65 /SF/Yr
Avg Asking Price
$0.52–$240 /SF/Yr
Price Range
7,007 SF
Avg Space Size

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019
14.1% 2020
16.2% 2021
19% 2022
20.5% 2023
19.6% 2024
19.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Fully furnished-style private offices plus a shared conference room, available under 12-month lease terms.
Where is this office units located?
The property is located at 124 CHESTNUT Street Philadelphia, PA.
What is the lease rate?
The lease rate is $645 /Mo.
What are key features of this property?
This property features: Chestnut Offices at 124 Chestnut Street offers 18 small private offices plus a shared conference room and reception area; Each office is approximately 200 SF; 12‑month lease terms
More about this property
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