241 Chestnut St A Philadelphia, PA 19106-2869
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMX3 · Philadelphia, PAPhiladelphia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.