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5532-40 Chestnut St
For Sale $1,399,999
$1,399,999
- Units
- Unknown Sq Ft
- 13,068 Sq Ft
- Unknown Cap Rate
Description
Prime Development Opportunity in Qualified Opportunity Zone – 12,980 SF Double Lot with CMX2 Zoning, parcels include 5532-5540 Chestnut St. Located in a thriving commercial corridor just west of University City, this remarkable 12,980 sq. ft. double property offers unmatched potential for investors or developers. The lots sit in a Qualified Opportunity Zone and is zoned CMX2, allowing for a wide range of commercial and residential uses. The existing structure currently houses a successful auto and tag shop, featuring: Two separate offices with private entrances, a spacious auto service bay that accommodates eight cars, a secure rear lot with room for eight additional vehicles, three half bathrooms and an attached 22-space parking lot supporting business operations Strategically located near Penn and Drexel Universities, this site sits at the forefront of University City’s westward expansion. It’s highly accessible via public transportation, including the SEPTA Market-Frankford Line, and offers easy pull-in access from Chestnut Street. Surrounded by high-traffic national retailers such as Wendy’s, Rite Aid, Fresh Grocer, and Dunkin’ Donuts, all within a two-block radius, this site benefits from strong daily foot and vehicle traffic.Whether you're seeking a long-term investment, income-producing asset, or a major redevelopment opportunity, this rare parcel delivers on location, flexibility, and future upside in one of Philadelphia’s most vibrant and evolving neighborhoods. All showings must be made with listing agent. No showings during business hours.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,399,999 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 885611000 |
| MLS # | PAPH2524342 |
| Property ID | 295495626 |
| Lot Sqft | 13,068 |
| Zoning | CMX2 |
| Days on Market | 159 |
| Original List Price | Unknown |
| Date Updated | August 05, 2025 |
| Date Created | August 05, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Keith M Stallone an agent of . Lic #RS326084
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Data last updated: January 11, 2026.
Contact Agent
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Showing Agent
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Robert Crawford
REAL ESTATE AGENT