1517 Chestnut St Philadelphia, PA 19102
- Investment properties
- 22,836 SF
- 0.09 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1517 Chestnut St
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.09 lot acres
- Property size
- 22,836 SF
- Zone code
- CMX5
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 88-2-0295-05
- APU
- 882029505
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,040,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,095,000
- 6.5%
- $2,170,000
- 7%
- $2,160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,365,000
- Geo Method
- $1,955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,500,000
- Retail
- $2,035,000
- Mixed-Use
- $2,375,000
- Hospitality
- $2,005,000
- Educational
- $2,180,000
- Residential Income
- $2,315,000
- Energy
- $2,125,000
- Income-Based Land
- $2,375,000
- Food Service
- $2,555,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1662
- Latitude
- 39.9515
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
