Prime Retail Building
1528 Chestnut Street Philadelphia, PA 19102
For Sale
$9,000,000
Rare building opportunity in high-traffic Philadelphia location.
Property Size26,700 SF
Price / SF$337.08
Days on Market247
Property Features for 1528 Chestnut Street
General Information
- Standard status
- Active
- Size
- 26,700 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing Agency:
Metro Commercial - PA
(610) 574-4379
Listed By:
Scott Benson
(610) 574-4379
Source:
Metrocommercial
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 26 at 7:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro Commercial - PA
Investment Insights
Based on property information with market context.
This property presents a rare building opportunity situated at 1528 Chestnut Street, Philadelphia, PA 19102. The property, with a size of 26700 square feet, is positioned at the corner of 16th & Chestnut, an area noted for having the highest pedestrian counts in the city. Recent activity in the area includes deals with JD Sports and Wonder, reactivating the corner.
Key Highlights
- Rare building opportunity
- Located at 16th & Chestnut
- Highest pedestrian counts in the city
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $480.6k | $18.00 |
| − Vacancy | −$49.5k | −$1.85 |
| EGI | $431.1k | $16.15 |
| − OpEx | −$129.3k | −$4.84 |
| NOI | $301.8k | $11.30 |
26,700 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.31M
$3.77M – $5.03M
NOI $301,769 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.51M
$5.70M – $7.59M
NOI $455,633 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Peak Performance Hormone ...
Medical Clinic
Portabella
Clothing & Fashion Store
Similar Off Market Nearby
- Holland & Stokes — 620 S 6th St, Philadelphia, PA 19147
- JMJ shadowbox occasion design — philadelphia, pa 19146
- Underground Florals Not a walk-in bouquet florist. Custom orders only, allow a minimum of two days. — 618 Bainbridge St, Philadelphia, PA 19147
- Cactaceae — 622 pemberton st, philadelphia, pa 19147
- Cedrone's Flowers — 800 Lombard St, Philadelphia, PA 19147
FAQs
What type of property is this?
Storefront property - Rare building opportunity in high-traffic Philadelphia location.
Where is this storefront property located?
The property is located at 1528 Chestnut Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Rare building opportunity; Located at 16th & Chestnut; Highest pedestrian counts in the city
