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    1517 Chestnut St Philadelphia, PA 19102

    Sponsored
    For Lease
    $40 SF/Yr ($8,000 /Mo)

    Prime Center City Philadelphia Retail

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,400 square foot ground floor retail space is available for lease at 1517 Chestnut Street in Philadelphia, Pennsylvania, zip code 19102. Located in the heart of Center City on a bustling city block, this property presents a unique opportunity for a variety of retail businesses. The entire space is currently vacant, offering immediate occupancy for a new tenant. The property is a single-tenancy building, providing exclusive use of the entire 2,400 square feet. There are no elevators in the building. This prime location offers unparalleled visibility and foot traffic, making it ideal for a business seeking high exposure. The property is situated in Philadelphia County, Pennsylvania, and its central location provides easy access to public transportation and major thoroughfares. The address is 1517 Chestnut Street. This is a ground floor retail space perfect for a commercial enterprise, store, or boutique. The property's size and location make it an attractive option for businesses looking to establish a strong presence in a vibrant and high-traffic area of Philadelphia. The space is ready for immediate occupancy and customization to suit the needs of the new tenant. This is a rare opportunity to secure a prominent retail space in a highly desirable location.

    Property Features for 1517 Chestnut St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF
    Total Rate
    8000

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,400 SF
    Rate per SF
    $40

    HighLights

    • 2,400 SF ground floor retail space available for lease at 1517 Chestnut Street, Philadelphia, PA 19102.
    • Prime Center City location with high pedestrian traffic.
    • Average daily pedestrian count of 15,914 (Center City District, November 2022).
    • Excellent proximity to major retailers including Wendy's, Five Guys, Popeye's, Five Below, J. Crew Factory, and Foot Locker.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Law Firm Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1660199
    Latitude
    39.9512802

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    FAQs

    What type of property is this?
    Retail property - Prime Center City Philadelphia Retail
    Where is this retail property located?
    The property is located at 1517 Chestnut St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 2,400 SF ground floor retail space available for lease at 1517 Chestnut Street, Philadelphia, PA 19102.; Prime Center City location with high pedestrian traffic.; Average daily pedestrian count of 15,914 (Center City District, November 2022).
    Request Owner's contact information
    1517 Chestnut St Philadelphia, PA 19102
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    Philadelphia, PA 19102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1517 Chestnut St Philadelphia, PA 19102
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