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Property profile & analytics
OFF-MARKET
Office Spaces

241 Chestnut St A Philadelphia, PA 19106-2869

2,438 SF Built 1900
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US73-1076986
Property summary
AI-generated overview

This exceptional storefront property, located at 241-43 Chestnut Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. The 2,438 square foot space is currently configured as a multifamily unit, but its CMX3 zoning permits a wide range of retail uses, making it ideal for a variety of businesses. The building, constructed in 1900, boasts a strong presence on a vibrant street in the 19106 zip code. Priced at $500,000, this translates to $205.09 per square foot, reflecting the desirability of this location. The property consists of a single unit, offering a manageable and potentially highly profitable investment. Its prime location in Philadelphia offers excellent visibility and accessibility for customers. The property is being offered for sale by owner, providing a direct and efficient transaction process. This is a rare chance to acquire a well-situated storefront in a thriving Philadelphia neighborhood. The property's historical charm combined with its modern zoning potential makes it an attractive proposition for savvy investors seeking a strong return on investment. Serious inquiries are encouraged to explore this exciting opportunity further.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,438 SF
Zoning code CMX3
APN 88-8-0351-72
UPID US73-1076986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Dean Cafiero · 15 yrs held
Dean Cafiero
since 2011
5 recorded transactions
2011
$1.3M
2005
$554,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CMX3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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