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Three-Floor Retail Space
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1618 Chestnut Street, Philadelphia, PA 19103

Retail space available across three floors totaling 23,434 SF on a heavily trafficked Chestnut Street block.

Property Size8,246 SF
Days on Market94

Property Features for 1618 Chestnut Street

General Information

Standard status Active
Size 8,246 SF
Property subtype RETAIL
Listing Agency: Metro Commercial - PA
Listed By: Michael Gorman
Source: Moodyscre
Added: Apr 29 Changed: Jul 28 Last Checked: Jul 31 at 3:29AM

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 offers approximately 23,434 SF of retail availability distributed across three floors. The offering is positioned as a multi-level storefront opportunity, suitable for tenants seeking space beyond a single-floor layout.

The space is located on the heavily trafficked 1600 block of Chestnut Street in Center City, directly between strong residential and office density areas.

As presented, the availability provides a vertically distributed retail footprint that can support a range of in-store concepts requiring multiple levels within one address.

Key Highlights

  • Retail space available across three floors totaling 23,434 SF
  • Located on the heavily trafficked 1600 block of Chestnut Street
  • Positioned directly between strong residential and office density in Center City

Property Analytics

Current Use

Retail space

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

22,226
Businesses Nearby
297k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 37% Hotels & Casinos 25% Apparel 23% Shops & Services 11%
The Ritz-Carlton, Philadelphia Hotels & Casinos
30,824 visits/mo 0.3 miles
Starbucks Dining
22,463 visits/mo 0.1 miles
UNIQLO Apparel
20,066 visits/mo 0.1 miles
The Logan Philadelphia, Curio Collection By Hilton Hotels & Casinos
19,294 visits/mo 0.4 miles
Starbucks Dining
16,511 visits/mo 0.5 miles

Demographics for 19103, PA

28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$23.66 /SF/Yr
Avg Asking Price
$0.94–$100 /SF/Yr
Price Range
3,242 SF
Avg Space Size

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available across three floors totaling 23,434 SF on a heavily trafficked Chestnut Street block.
Where is this retail space located?
The property is located at 1618 Chestnut Street Philadelphia, PA.
What are key features of this property?
This property features: Retail space available across three floors totaling 23,434 SF; Located on the heavily trafficked 1600 block of Chestnut Street; Positioned directly between strong residential and office density in Center City
(917) 842-1899 Call to check price and availability
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