718 Chestnut Street, Philadelphia, PA

Retail for Sale - $3,291,500


Agent Info

Karina Linde
Coldwell Banker Hearthside

Property Info

CIMLS#1180261
Location
  718 Chestnut Street
  Philadelphia PA 19106
UpdatedAugust 19th, 2025
TypeRetail
Price$3,291,500

Property Description

Public Remarks:718 Chestnut Street presents a rare opportunity to own a premier mixed-use property in the heart of Philadelphia's historic Old City/Center City East district. Offered at $3,291,500, this high-profile building is located along one of the city's most iconic commercial corridors, surrounded by world-class dining, shopping, cultural landmarks, and transit options.Zoned CMX-5 (Commercial Mixed-Use ‹“ highest density in Philadelphia), the property allows for maximum development flexibility including retail, restaurant, office, hotel, cultural, and multi-family residential uses. With no maximum height and generous FAR allowances, this site is ideally suited for investors, developers, and end-users seeking a flagship location in Philadelphia's urban core.Highlights:Prime location between 7th & 8th Streets, steps from Independence Hall, the Liberty Bell, Washington Square, and Jefferson/PA Hospital.Walking distance to public transportation, including the Market‹“Frankford Line (8th & Market Station) and multiple SEPTA bus routes.High-visibility frontage along Chestnut Street with steady foot and vehicle traffic.Surrounded by thriving retail, dining, and entertainment destinations in Old City and Center City.Flexible CMX-5 zoning enabling significant redevelopment or repositioning potential.Whether repositioned as a flagship retail space, redeveloped into luxury residential units, or transformed into a mixed-use tower, 718 Chestnut Street offers unmatched visibility, density, and long-term upside in one of the nation's most historically significant and economically vibrant urban neighborhoods.


Financials


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