718 CHESTNUT STREETPHILADELPHIA, PA 19106

Commercial · 9,555 Sq. ft. | 0.07 Acres
$2,750,000 ACTIVE

718 CHESTNUT STREET Overview

Time on Site:
26 days
Visits:
1

Investors & Entrepreneurs take note of this rare opportunity to own this amazing 9600 square foot turnkey property. Currantly 100% Vacant This impressive three story building also includes a Fully Finished Basement with Elevator service to all levels. A complete renovation from Top to Bottom in 2011-12 includes a long list of upgrades from New Bathrooms, Walls, Floors and Staircases to New Electric, Plumbing and hi-efficiency HVAC Systems. The heavy lifting has already been done to expedite and prepare this luxury space for your business or multiple businesses to be up and running in record time with minimal headaches and huge savings. In addition, you will find that a sprinkler system has been installed on all floors, including the basement level for maximum safety and code compliance. Once you see the interior layout your mind will be working overtime imagining all of the possibilities that this incredible property presents to you. The First Floor offers a Grand Reception area and kitchenette where you can picture a flagship retail store. On the Second Floor you find two Spacious Rooms with gleaming Hardwood Floors and soaring Ceilings perfect for a gallery or high end office space. The Third Floor is a blank canvas opening options for an Apartment Conversion adding to the overall value. And, don't forget the finished basement providing tons of additional storage or work space. Current Zoning is CMX-5 (Attached) which opens up unlimited potential for high end retail, professional offices or residential conversion. Located just blocks from the Market Street Revitalization Project you have Major Historical Attractions, the City's World Renowned Hospitals and Critically Acclaimed Restaurants all blending perfectly side by side. Be assured that whether your new space attracts an already thriving or unique start up business they will be proud and anxious to be a part of an area that is quickly becoming the city's premier 'Place to Be'.

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718 CHESTNUT STREET Facts & Features

  • Type Commercial
  • Sq. ft. 9,555
  • Price/Sq.ft. $288
  • Lot 0.07 Acres

Details

General

Association/HOA

  • Association: No
  • Condo/Coop Association: No

Income/Expenses

  • Existing Lease Type: Triple Net
  • Operating Expense Includes: Cable TV,Electric

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 2014

Business Information

  • Business Type: Apartment Building,Bed and Breakfast,Big Box Retail,Funeral Home,Hair Salon and Spa,Health Club,Medical,Restaurant/Bar,Religious Facility,Professional,Supermarket/Grocery Store

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19106 (19106)

Parking Information

  • Total Parking Spaces: 0
  • Type of Parking: None

Rent/Lease Information

  • Lease Considered: Yes
  • Tenant Pays: Electricity, Heat, Gas, Water, Sewer, Hot Water, Cooking Fuel, Parking Fee, Insurance, Common Area Maintenance, Lawn/Tree/Shrub Care, Snow Removal, Trash Removal, Cable TV

Tax Information

  • Tax Annual Amount: $2,520,900.00
  • Tax Assessed Value: 35288.00
  • Tax Year: 2026

General Information

  • Municipal Trash: No
  • Property Condition: Good
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: CMX_5

Interior

Building Information

  • Building Winterized: Yes
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 9555.00
  • Central Air: Yes
  • Elevators Count: 1
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: Elevator,Entry Slope <1',Ramp - Main Level
  • Building Features: Clear Span,Elevator,Sprinkler System
  • Cooling: Central A/C
  • Foundation Details: Brick/Mortar
  • Leasable Area: 9875

Room Information

  • Room List: Primary Bedroom

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Features: Level
  • Lot Size Dimensions: 23X145
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 3049.20
  • Lot Size Units: Square Feet
  • Road Responsibility: State
  • Water Source: Public

Waterfront/View

  • View: Street
  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block
  • Fencing: No
  • Roof: Flat

General Information

  • Sewer: Public Sewer
  • Water Access: No

Room Information

Room: Primary Bedroom

  • Level: Unspecified

718 CHESTNUT STREET Neighborhood

Community

19106 (PHILADELPHIA) Demographics

38
Median Age
11,225
Population Density (per sq. mile)
80%
College Educated
$116,368
Estimated Median Income
3,659
Estimated Total Home Owners
3,966
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

718 CHESTNUT STREET Market Data

Based on the last 30 days in this zip code

$1,044,762
Average List Price
$623
Average Price per Square Foot
23
Properties Sold
142
Average Days on Market
128
Properties for Sale
Calculations provided by Reliance Network

718 CHESTNUT STREET History

Date Event Value Agent
6/4/2026Source: BRIGHT MLS Added to Database
June 04, 2026
Listing provided courtesy of New Horizons Real Estate, Inc.- MLS# PAPH2626180MLS ProviderContact Information: 2153438100