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4206-08 Chestnut
For Sale $1,390,000 ($59.15 per Sq Ft)
$1,390,000 ($59.15 per Sq Ft)
- 1 Units
- 23,500 Sq Ft
- 2,754 Sq Ft
- Unknown Cap Rate
Description
4206-08 Chestnut Street is an extremely rare development opportunity in a PRIME University City location.
This site is the heart of University of Pennsylvania's campus and the Philadelphia Region’s leader in Education, Science, and Innovation. Sites like this one are far and few between so act fast.
Currently there are two building that would be demolished. One is a shell and the other one is in a decent condition.
Development highlights include the possibility of 22 units by right with diverse unit mixture on 8 storeys building, around 23,350 sqft and CMX-4 zoning.
Project includes :
- Approved Demolition Permit
- Environmental (Phase 1&2)
- Approved properties Consolidation Permit
- Zoning permit – In the works
- Proposed Floor Plans.
Location, Location, Location - University City is home to some of the best educational and medical facilities in the world including Drexel, UPenn, St. Joe’s, Penn Medicine and the Children’s Hospital of Philadelphia (CHOP). The University City area boasts more than 85,000 jobs, 44% of all national institutes of health investments in the entire state, $1.85 billion in Research and Development expenditures among higher education institutions, a tripling of median home values over the past decade, and approximately 2.75 million square feet in development or under construction.
Contact me for more informations about the current and future projects that happening in the immediate area. Offering Memorandum available upon request.
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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 | $1,390,000 |
| Property Type | Other |
| Usable Sqft | 23,500 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | Unknown |
| MLS # | PAPH2361312 |
| Property ID | 320549693 |
| Lot Sqft | 2,754 |
| Zoning | CMX-4 |
| Total Units | 1 |
| Days on Market | 242 |
| Original List Price | Unknown |
| Date Updated | January 07, 2025 |
| Date Created | June 02, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Reda B Akbil an agent of . Lic #RS337002
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Data last updated: January 30, 2025.
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