Retail Storefront on Chestnut
718 Chestnut St Philadelphia, PA 19106
For Sale
$2,750,000
For sale retail storefront on Chestnut Street in Philadelphia, offering a prominent presence on a major commercial corridor.
Property Size9,555 SF
Price / SF$287.81
Days on Market53
Property Features for 718 Chestnut St
General Information
- Standard status
- Active
- Size
- 9,555 SF
Building Details
- Year Built
- 2014
Listing Agency:
New Horizons Real Estate, Inc.
(215) 833-6690
Listed By:
Michael Stitz · License #RS208032L
(215) 833-6690
Source:
Evrealestate
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 26 at 7:18AM
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 New Horizons Real Estate, Inc.
Investment Insights
Based on property information with market context.
This property is a retail storefront located at 718 Chestnut St in Philadelphia, offered for sale. The provided information characterizes the asset as a storefront retail property, positioned for direct customer-facing use.
Access and directions are available via routes that include the Ben Franklin Bridge and Highway 676, with guidance to Callowhill St, N Eighth Street, and then Chestnut Street to the subject address in Philadelphia County.
For buyers seeking street-facing retail real estate, this Chestnut Street storefront provides a straightforward option within Philadelphia’s commercial market. Its configuration is suited to retail occupancies that benefit from a direct connection to the street, with purchasing aligned to investors or operators looking for a single, identifiable retail location.
Access and directions are available via routes that include the Ben Franklin Bridge and Highway 676, with guidance to Callowhill St, N Eighth Street, and then Chestnut Street to the subject address in Philadelphia County.
For buyers seeking street-facing retail real estate, this Chestnut Street storefront provides a straightforward option within Philadelphia’s commercial market. Its configuration is suited to retail occupancies that benefit from a direct connection to the street, with purchasing aligned to investors or operators looking for a single, identifiable retail location.
Key Highlights
- Retail storefront for sale on Chestnut Street in Philadelphia
- Built in 2014
- Central air conditioning
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 | $172.0k | $18.00 |
| − Vacancy | −$17.7k | −$1.85 |
| EGI | $154.3k | $16.15 |
| − OpEx | −$46.3k | −$4.84 |
| NOI | $108.0k | $11.30 |
9,555 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $107,993 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.33M
$2.04M – $2.72M
NOI $163,055 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DOCA Philly
Home Decor Store
Whole Stones Marble ...
Building Supply
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FAQs
What type of property is this?
Storefront property - For sale retail storefront on Chestnut Street in Philadelphia, offering a prominent presence on a major commercial corridor.
Where is this storefront property located?
The property is located at 718 Chestnut St Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Retail storefront for sale on Chestnut Street in Philadelphia; Built in 2014; Central air conditioning
