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138 Chestnut Street, Philadelphia, PA 19106
$699,999
138 Chestnut Street, Philadelphia, PA 19106View this property at 138 Chestnut Street, Philadelphia, PA 19106
138 Chestnut StreetPhiladelphiaPA19106
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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
- Price: $699,999
- Taxes: $4,018 (2023)
- Status: Active
- Type: Retail
- MLS ID: PAPH2224652
- Updated: 1/8/2024
- Added to Site: 364 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.: $466.67
- Assessment Year: 2023
- School Tax: $2,205
- City/TownTax: $1,813
- City/TownTax Freq: Annually
- Tax w/Assessment: $287,100
- Tax Amount: $4,018
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 0%
- Ownership: Fee Simple
- Lot Number: 19
Listed by KW Empower, Richard K Cassell
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Schools
Schools serving 138 Chestnut St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
325 S 7th St, Philadelphia, PA 19106 | K-8 | 0.5 mi | |
550 N Broad St, Philadelphia, PA 19130 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
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
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
-39.07%
MLS
8/24/2004
Sold
$1,395,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 138 Chestnut St
Year
Property Taxes
Change
Tax Assessment
Change
2021
$3,677
-9%
-100%
2023
$4,019
9%
$287,100
9%
2020
$3,677
—
$262,700
—
2019
$3,677
-39%
$262,700
-39%
2018
$6,071
15%
$433,700
15%
2017
$5,301
—
$378,700
—
2016
$5,301
4%
$378,700
—
2015
$5,075
—
$378,700
—
2014
$5,075
-28%
$378,700
426%
2013
$7,035
—
$72,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 138 Chestnut St
138 Chestnut Street, Philadelphia, PA 19106 (MLS# PAPH2224652) is a Retail property. 138 Chestnut Street is currently listed for $699,999 and was received on May 02, 2023. 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.