138 Chestnut Street, Philadelphia, PA 19106 - Photo 1

1/1

$550,000

Sold
Closed
Retail

1/1

Property Description

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 the legendary sushi spot, Oishii Sushi & Ramen, which has been at this location for over 30 years. 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.

Full Property Details

Full Property Details for 138 Chestnut St

General

Sold For: $550,000
Taxes: $4,018 (2024)
Status: Closed
Type: Retail
Source: BrightMLSPhilly
MLS ID: PAPH2224652
Added to Site: 1, 028 day(s) ago

Business

Business Type: Restaurant/Bar, Other/General Retail

Parking

Parking Type: On Street

Location

Area: 19106 (19106)
Municipality: PHILADELPHIA
County: Philadelphia
Driving Directions: On Chestnut St.
Location Details: Business District

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Central
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Masonry
Stories/Levels: 0
Year Built: 1900
Year Built Source: Assessor

Unit Information

# Tenants: Multiple
Other Units: Unit 1, Unit 2

Unit 1

Unit Description: Unit 1

Unit 2

Unit Description: Unit 2

Lot Features

Lot Size (Acres): 0.01
Lot Size (Sq. Ft.): 596
Lot Size Source: Assessor
Lot Dimensions: 14.00 x 43.00
Zoning: CMX3

Financial Considerations

Price Per Sq. Ft.: $366.67
Assessment Year: 2024
School Tax: $2,250
City/TownTax: $1,768
City/TownTax Freq: Annually
Tax w/Assessment: $287,100
Tax Amount: $4,018
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 19

Listed and Sold by KW Empower, Richard K Cassell

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Listing agent

— 138 Chestnut St —

Richard K Cassell

KW Empower

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Schools

Schools serving 138 Chestnut St

School District:Philadelphia City School District

Name	Grades	Distance
McCall Gen George A School 325 South 7th Street, Philadelphia, PA 19106	K-8	0.5 mi
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130	12-11	1.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 138 Chestnut St

Date

Details

Price

Change

Source

8/12/2025

Sold

$550,000

-15.38%

MLS

3/15/2025

Price Reduced

$650,000

-3.7%

MLS

6/27/2024

Price Reduced

$675,000

-3.57%

MLS

7/19/2023

Price Reduced

$699,999

-6.67%

MLS

6/27/2023

Price Reduced

$750,000

-6.13%

MLS

5/08/2023

Price Reduced

$799,000

-6%

MLS

5/02/2023

Listed

$850,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 3 days ago

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Beds
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Total Bath
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Sq. Ft.

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Price Reduced

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$99,999

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Active
Updated 5 days ago

4
Beds
2
Total Baths
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138 Chestnut Street, Philadelphia, PA 19106 (MLS# PAPH2224652) is a Retail property that was sold at $550,000 on August 12, 2025. Want to learn more about 138 Chestnut Street? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

138 Chestnut St Philadelphia, PA 19106