138 Chestnut St
Philadelphia, PA 19106
 Retail Property For Sale

EXECUTIVE SUMMARY

Rare opportunity to acquire a cash flowing value add building on one of the most iconic blocks in Old City, with highly favorable zoning to build vertical. This 3 story building houses a very popular sushi spot which stood the test of the pandemic. The current owner purchased the building with 2nd and 3rd floors un developed as raw space. Here is your chance to build multiple more stories to increase the value and cash flow. Current tenant just renewed last year for their only option in the lease.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,386 SF
Building Class
C
Year Built/Renovated
1900/2019
Price
£489,710
Price Per SF
£353.33
Net Initial Yield
7.16%
NOI
£35,083
Tenancy
Single
Number of Floors
3
Building FAR
3.00
Lot Size
0.01 AC
Zoning
CMX3 - Commercial Mixed Use
Frontage
14 ft on Chestnut St

AMENITIES

  • Air Conditioning

LINKS

PROPERTY TAXES

Parcel Number 882487400 Improvements Assessment £176,476
Land Assessment £44,119 Total Assessment £220,596

MAP

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