707 Chestnut St,PHILADELPHIA, PA 19106
PHILADELPHIA, PA 19106
Description
On behalf of ownership, The TCS Group is pleased to present the exclusive opportunity to acquire the fee simple interest in 707 Chestnut Street home to Jefferson Flats, a boutique collection of five well-appointed two-bedroom apartments located in the heart of Center City Philadelphia. The property also features 4,200 square feet of prime ground-floor retail space, currently leased to an established restaurant operator with a newly extended lease. An additional 4,546 square feet of commercial space spans the second and third floors, offering flexible potential for various future uses. This offering presents new ownership with a compelling value-add opportunity. With modest upgrades to the building’s common areas and light cosmetic enhancements to the residential units, there is strong potential to increase rental income. Moreover, a strategic approach to activating and monetizing the upper-level commercial space can unlock significant additional cash flow for an incoming investor.
Details
| MLS # | PAPH2485058 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 18 |
| Listing Provided By | KW Empower | Gaurav Gambhir |
Features
| SQ Feet | 25,374 |
|---|---|
| Units | 2 |
| Zoning | CMX5 |
| Acreage | 0.11 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
| Fireplace Yes / No | No |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar, Block, Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 20997 |
| Tax Lot | 104 |
Market Activity 19106
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19106 |
| Area | 19106 (19106) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19106) | |
Price: $3,000,000 low | high Med: $3,298 SqFt: 25,374 low | high Med: 1,078 $ / SqFt: $118 low | high Med: $3 On site: 18 low | high Med: 20.500000 | |
