718 Chestnut Street, Philadelphia, PA, 19106

718 Chestnut Street Philadelphia, PA 19106

Philadelphia
FOR SALE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Dec 02, 2025

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Highlights

  • 9,555 SF Building Size
  • Three (3) Floors – approx. 3,185 SF Each
  • 0.08 AC Lot
  • Fully Vacant
  • 23’ Frontage to Chestnut Street
  • Fire Alarm System
  • Fully Sprinklered
  • Elevator System
  • CMX5 – Center City Core Commercial Mixed-Use (City of Philadelphia) Zoning
  • $35,288 2026 Estimated Taxes
  • Key Distances:
  • Chestnut & 7th Street SEPTA Bus - 0.1 miles
  • 8th Street Station SEPTA Subway – 0.2 miles
  • Independence Hall – 0.2 miles
  • City Hall – 0.6 miles
  • I-676 – 0.7 miles
  • New Center City – Penn’s Landing I-95 Cap Project – 0.7 miles
  • I-96 – 1.2 miles
  • Benjamin Franklin Bridge – 1.3 miles
  • Philadelphia International Airport – 11.2 miles

Description

9,555 SF on 0.08 Acres for Sale.

This renovated, street-to-street commercial building offers an exceptional opportunity for a business seeking a premier Center City Philadelphia location. The property features a modernized elevator, expansive ceiling heights, upgraded lighting throughout, and highly adaptable floor plates suitable for a wide range of office or commercial uses. With dual frontage on Chestnut Street and Ranstead Street, the building provides superior accessibility and visibility within one of the city’s most established commercial corridors. Its turnkey condition and central location make it an excellent option for companies looking to establish a strong presence in the downtown market.

Building Size: 9555sq ft
Lot Size: 0.08 acres


Documents

718 Chestnut Street_L

Map of 718 Chestnut Street, Philadelphia, PA, 19106

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.