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    1039 Chestnut St Philadelphia, PA 19107

    Sponsored
    For Sale
    $3,700,000

    Prime Philadelphia Retail, Vacant, High-Traffic

    Property size:
    5,776 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional four-story commercial property, located at 1039 Chestnut Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. Boasting 5,776 square feet of total space, the building features 1,109 square feet of ground floor retail space, currently vacant, ideal for immediate occupancy. The property benefits from a CMX-5 zoning designation, allowing for mixed-use development. Its strategic location within the heart of the Jefferson Hospital Campus places it within a thriving medical hub, surrounded by major medical institutions including Jefferson, Wills Eye Hospital, Penn Medicine, and Pennsylvania Hospital. This prime location also offers unparalleled access to City Hall, the Fashion District, the Convention Center, Center City theaters, and Midtown restaurants, ensuring high foot traffic and visibility. The area is experiencing significant growth, with a planned 2024 completion of a substantial $762 million, 23-story, 462,000 square foot development nearby, further enhancing the property's long-term value and potential. The asking price for this remarkable property is $3,700,000. This is a rare chance to acquire a well-positioned retail space in one of Philadelphia's most dynamic and sought-after locations. The building's strategic location and versatile zoning make it an attractive investment for a wide range of businesses. Don't miss this opportunity to own a piece of Philadelphia's vibrant commercial landscape.

    Property Features for 1039 Chestnut St

    General Information

    Property type
    Hospitality properties
    Square Feet
    5,776 SF

    Building Details

    Stories
    4

    HighLights

    • $3,700,000 asking price for a vacant retail/hospitality property.
    • 5,776 total square feet across four stories, with 1,109 square feet of ground floor retail space.
    • CMX‑5 zoning allows for mixed‑use development.
    • Prime location in Philadelphia's medical hub, near Jefferson Hospital, Wills Eye Hospital, and major city attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zaza EXOTIC Tobacco Shop Hurst Corp Outdoor Sports Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Auto Repair Shop 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
    -75.1584725
    Latitude
    39.9503071

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    FAQs

    What type of property is this?
    Hospitality property - Prime Philadelphia Retail, Vacant, High-Traffic
    Where is this hospitality property located?
    The property is located at 1039 Chestnut St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: $3,700,000 asking price for a vacant retail/hospitality property.; 5,776 total square feet across four stories, with 1,109 square feet of ground floor retail space.; CMX-5 zoning allows for mixed-use development.
    Request Owner's contact information
    1039 Chestnut St Philadelphia, PA 19107
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    Philadelphia, PA 19107
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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
    1039 Chestnut St Philadelphia, PA 19107
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