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    241-43 Chestnut St Philadelphia, PA 19106

    For Sale
    $500,000

    Prime Philadelphia Retail Space - Motivated Seller!

    Property size:
    2,438 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2,438 square foot retail condominium, located at 241-43 Chestnut Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. Situated in a desirable location within Philadelphia County, zip code 19106, this property boasts seven individual units within an elevator building, offering versatility and potential for various uses. Built in 1900, the building is zoned CMX3, allowing for a range of commercial enterprises. The asking price is $500,000, translating to a price per square foot of $205.09. The property's Assessed Parcel Number (APN) is 888035172. Ideal for a variety of uses, including storage, offices, fitness businesses, or retail ventures, this condominium offers significant potential for return on investment. The property's central location in Philadelphia provides excellent accessibility and visibility, making it an attractive proposition for both established businesses and new ventures. The motivated seller makes this an opportune time to acquire a well-positioned commercial property in a thriving urban environment. This is a grade-level condo, offering convenient access. The property's coordinates are latitude 39.9486805 and longitude -75.1458184. Don't miss this chance to own a piece of Philadelphia's vibrant commercial landscape.

    Property Features for 241-43 Chestnut St

    General Information

    Property type
    Retail properties
    Square Feet
    2,438 SF

    Building Details

    Year Built
    1900
    Units
    7

    HighLights

    • $500,000 asking price for this 2,438 square foot retail condominium.
    • Located at 241‑43 Chestnut St, Philadelphia, PA 19106.
    • Seven units within the building.
    • Built in 1900, with CMX3 zoning.
    • Priced at $205.09 per square foot.
    • Elevator building, suitable for various uses including storage, offices, fitness, or retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1458184
    Latitude
    39.9486805

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    FAQs

    What type of property is this?
    Retail property - Prime Philadelphia Retail Space - Motivated Seller!
    Where is this retail property located?
    The property is located at 241-43 Chestnut St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for this 2,438 square foot retail condominium.; Located at 241-43 Chestnut St, Philadelphia, PA 19106.; Seven units within the building.
    (267) 439-6926
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    241-43 Chestnut St Philadelphia, PA 19106
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    Philadelphia, PA 19106
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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
    241-43 Chestnut St Philadelphia, PA 19106
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