703 Chestnut St Philadelphia, PA 19106

Listing agency Scope Investment Real Estate Services

Listed by Phil Sharrow · License #PA RSR002048

Source Crexi

Added: Apr 11 Updated: Jul 23 at 2:58AM Checked: Jul 23 at 2:58AM

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Investment Insights

Based on property information with market context.

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) presents the fee-simple interest in 703 & 705 Chestnut Street, Philadelphia, PA. The offering includes two conjoining vacant retail properties with a combined 5,906 square feet set on a 3,774-square-foot lot. The properties are located in a commercial corridor and feature flexible CMX-5 zoning designed to accommodate a variety of uses. Past uses for the retail space were restaurants.

The property is positioned in Center City East, one block west of Independence Hall and the Liberty Bell, one block north of Washington Square and Jewelers Row, and two blocks east of Thomas Jefferson University Hospital. The surrounding area includes prominent restaurants and retailers, and the neighborhood is described as having a high walk score with frequent foot traffic tied to residential, tourism, office, medical, and retail activity.

As a combined, conjoining retail configuration, 703 and 705 Chestnut Street can be marketed as a unified storefront opportunity under CMX-5 zoning in a dense Center City commercial environment.

Key Highlights

• Fee‑simple interest in 703 & 705 Chestnut Street: two conjoining vacant retail properties with 5,906 SF total
• Located on a 3,774‑SF lot in Philadelphia’s Center City East commercial corridor
• Flexible CMX‑5 zoning accommodates a variety of uses; past uses for the retail space were restaurants

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FAQs

What type of property is this?

Storefront property - Two conjoining vacant retail properties offer flexible CMX-5 zoning for a variety of uses.

Where is this storefront property located?

The property is located at 703 Chestnut St Philadelphia, PA.

What are key features of this property?

This property features: Fee‑simple interest in 703 & 705 Chestnut Street: two conjoining vacant retail properties with 5,906 SF total; Located on a 3,774‑SF lot in Philadelphia’s Center City East commercial corridor; Flexible CMX‑5 zoning accommodates a variety of uses; past uses for the retail space were restaurants