1039 Chestnut St Philadelphia, PA 19107

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.