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718 Chestnut St
For Sale $3,291,500
$3,291,500
- 3 Units
- Unknown Sq Ft
- 3,302 Sq Ft
- Unknown Cap Rate
Description
Public Remarks:
718 Chestnut Street presents a rare opportunity to own a premier mixed-use property in the heart of Philadelphia’s historic Old City/Center City East district. Offered at $3,291,500, this high-profile building is located along one of the city’s most iconic commercial corridors, surrounded by world-class dining, shopping, cultural landmarks, and transit options.
Zoned CMX-5 (Commercial Mixed-Use – highest density in Philadelphia), the property allows for maximum development flexibility including retail, restaurant, office, hotel, cultural, and multi-family residential uses. With no maximum height and generous FAR allowances, this site is ideally suited for investors, developers, and end-users seeking a flagship location in Philadelphia’s urban core.
Highlights:
Prime location between 7th & 8th Streets, steps from Independence Hall, the Liberty Bell, Washington Square, and Jefferson/PA Hospital.
Walking distance to public transportation, including the Market–Frankford Line (8th & Market Station) and multiple SEPTA bus routes.
High-visibility frontage along Chestnut Street with steady foot and vehicle traffic.
Surrounded by thriving retail, dining, and entertainment destinations in Old City and Center City.
Flexible CMX-5 zoning enabling significant redevelopment or repositioning potential.
Whether repositioned as a flagship retail space, redeveloped into luxury residential units, or transformed into a mixed-use tower, 718 Chestnut Street offers unmatched visibility, density, and long-term upside in one of the nation’s most historically significant and economically vibrant urban neighborhoods.
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 | $3,291,500 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881301300 |
| MLS # | PAPH2528930 |
| Property ID | 322045975 |
| Lot Sqft | 3,302 |
| Zoning | CMX5 |
| Total Units | 3 |
| Days on Market | 128 |
| Original List Price | Unknown |
| Date Updated | December 17, 2025 |
| Date Created | August 17, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Karin Linde an agent of . Lic #RS347520
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Data last updated: December 23, 2025.
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Robert Crawford
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