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    1625 Chestnut St Philadelphia, PA 19103

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    For Lease
    Contact for pricing

    Chestnut Street Retail Opportunity: 6 Spaces Available

    Lot size:
    215,873 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, formerly a Ruby Tuesday's, boasts a prime location at 1625 Chestnut Street in Philadelphia, PA 19103. The building offers a total of 215,873 square feet, with 5,861 square feet currently vacant and available for lease. The space is ideal for multiple tenants, offering flexibility in size and configuration. Six individual spaces are available, ranging from 4,611 square feet to 150,000 square feet, providing options to suit various business needs. This flagship location sits on a highly trafficked corner, ideally situated between the Central Business District and Rittenhouse Square, two vibrant and affluent areas. The surrounding area is experiencing significant growth, with major mixed-use developments generating over $1 billion in retail demand. This ensures a strong and growing customer base for any business occupying this space. The property benefits from its proximity to numerous high-profile retailers, including Forever 21, Nordstrom Rack, Uniqlo, Old Navy, and H&M, further enhancing its visibility and appeal. This is a rare opportunity to secure a prominent retail presence in one of Philadelphia's most desirable locations. The property type is classified as Retail, Subtype Storefront, Strip Center.

    Property Features for 1625 Chestnut St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    215,873 SF

    Unit(s) available at that property

    Space
    57 th floor
    Size
    10,297 SF
    Space
    Suite 104-106
    Size
    4,611 SF
    Space
    Suite-156
    Size
    5,861 SF
    Space
    Available Space
    Size
    150,000 SF
    Space
    58 th floor
    Size
    6,878 SF
    Space
    Suite 202
    Size
    5,805 SF

    HighLights

    • Prime Philadelphia retail space at 1625 Chestnut Street, 5,861 SF available for lease.
    • 215,873 SF total building size, divisible into six spaces (4,611 SF - 150,000 SF).
    • High‑traffic corner location between Philadelphia's Central Business District and Rittenhouse Square.
    • Surrounded by major retailers (Forever 21, Nordstrom Rack, Uniqlo, Old Navy, H&M) and experiencing significant area growth.
    • Retail storefront/strip center property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Mexican Restaurant LOFT Outlet Women'S Clothing Store Smoothie King Juice Shop Master Wok Chinese Restaurant Monarch Medspa Medical Clinic

    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
    -75.1680038
    Latitude
    39.9515705

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    FAQs

    What type of property is this?
    Neighborhood center - Chestnut Street Retail Opportunity: 6 Spaces Available
    Where is this neighborhood center located?
    The property is located at 1625 Chestnut St Philadelphia, PA.
    What are key features of this property?
    This property features: Prime Philadelphia retail space at 1625 Chestnut Street, 5,861 SF available for lease.; 215,873 SF total building size, divisible into six spaces (4,611 SF - 150,000 SF).; High-traffic corner location between Philadelphia's Central Business District and Rittenhouse Square.
    Request Owner's contact information
    1625 Chestnut St Philadelphia, PA 19103
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    Philadelphia, PA 19103
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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
    1625 Chestnut St Philadelphia, PA 19103
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