1039 Chestnut St Philadelphia, PA 19107
Property profile & analytics
1039 Chestnut St Philadelphia, PA 19107
- Retail space
- 5,776 SF
- 0.03 lot acres
Property ID
US73-0979570
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Zaza EXOTIC / (Bike/Boat/Book/etc) Store
- Hurst Corp / (Bike/Boat/Book/etc) Store
Property Details for 1039 Chestnut St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.03 lot acres
- Property size
- 5,776 SF
- Zone code
- CMX5
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 88-2-4945-00
- APU
- 882494500
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $990,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,070,000 Change: +8% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $910,000 Change: -8% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1585
- Latitude
- 39.9504
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,069
$258,168
$1,032,632
$1,290,800
-
$258,168
$1,032,632
$1,290,800
