Center City Retail Space
For Lease
Contact for pricing
1424 Chestnut St, Philadelphia, PA 19102
10,000 SF retail space in the Jacob Reed Building.
Space Size15,500 SF
Days on Market1847
Property Features for 1424 Chestnut St
General Information
Standard status
Active
Size
15,500 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Tenancy
Single
Spaces For Lease
at 1424 Chestnut St Contact us- Size
- 15,500 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Available Space
Listing Agency:
MPN Realty, Inc.
(215) 413-4900
Listed By:
Veronica Blum · License #PA
Source:
Crexi
Added: Aug 9, 2021
Changed: Aug 23
Last Checked: Aug 28 at 11:50AM
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 MPN Realty, Inc.
Investment Insights
Based on property information with market context.
Located at 1424-26 Chestnut Street in Philadelphia, PA, this retail space offers approximately 10,000 square feet on the ground floor of the Jacob Reed Building. The space, currently occupied by a CVS Pharmacy, includes a mezzanine and basement storage totaling approximately 5,500 square feet. The property features architectural designs, including arched doorways and windows, high ceilings, and stained glass windows, along with a historic exterior. The space extends from Chestnut Street to Sansom Street, providing rear access on Sansom Street for loading and trash. It has 50 feet of frontage on both Chestnut and Sansom Streets. Zoned CMX-5, the property is situated in the heart of Center City on a busy street, directly across from The Element by Westin, a 460-room extended-stay hotel, and the W Hotel with 295 rooms. It is also one block from Broad Street and City Hall, and within one block of major transportation options, including Suburban Station and all Broad and Market Street stops.
Key Highlights
- Prime Center City location on Chestnut Street, one of Philadelphia's busiest streets
- 10,000 +/- SF of at‑grade retail space plus 5,500 +/- SF of mezzanine and basement storage
- Located in the Jacob Reed Building with gorgeous architectural designs, including arched doorways and windows, high ceilings, and stained glass windows
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
26,467
Businesses Nearby
311k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Hotels & Casinos 26%
Apparel 22%
Shops & Services 11%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.1 miles
Starbucks
Dining
22,463 visits/mo
0.2 miles
UNIQLO
Apparel
20,066 visits/mo
0.1 miles
The Logan Philadelphia, Curio Collection By Hilton
Hotels & Casinos
19,294 visits/mo
0.5 miles
Starbucks
Dining
16,511 visits/mo
0.3 miles
Demographics for 19102, PA
7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value
Market
Lease Benchmarks for Philadelphia, PA
$25.38 /SF/Yr
Avg Asking Price
$7.96–$100 /SF/Yr
Price Range
7,283 SF
Avg Space Size
This space is priced 65% above the average of $25.38 /SF/Yr.
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Retail space - 10,000 SF retail space in the Jacob Reed Building.
Where is this retail space located?
The property is located at 1424 Chestnut St Philadelphia, PA.
What is the lease rate?
The lease rate is $42 SF/Yr.
What are key features of this property?
This property features: Prime Center City location on Chestnut Street, one of Philadelphia's busiest streets; 10,000 +/- SF of at‑grade retail space plus 5,500 +/- SF of mezzanine and basement storage; Located in the Jacob Reed Building with gorgeous architectural designs, including arched doorways and windows, high ceilings, and stained glass windows
