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$299,999

  • For Sale
  • Active
  • Business
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Fully Equipped 4,200 SF Restaurant for Lease This newly renovated, fully equipped 4,200 square foot restaurant offers an exceptional opportunity in a high-traffic, historic location. The space features a convenient rear entrance, ideal for deliveries and operational efficiency. The rent is approximately $6,900 NNN, providing a very reasonable base rent for a restaurant of this size and quality. Ideally situated within close proximity to major historic landmarks including Independence Hall, the Liberty Bell, and the National Constitution Center, the location benefits from strong tourist traffic as well as local patronage.

Full Property Details for 707 Chestnut St

General

  • Price: $299,999
  • Taxes: (2026)
  • Status: Active
  • Type: Business
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2573438
  • Updated: 1/11/2026
  • Added to Site: 8 day(s) ago

Business

  • Business Type: Restaurant/Bar

Parking

  • Parking Type: On Street

Location

  • Area: 19106 (19106)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Driving Directions: 7th and Chestnut

School Information

  • School District: Philadelphia City

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Heating Type: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry
  • # Loading Docks: 1
  • Building Size: 4200
  • Current Bldg. Use: Restaurant
  • Year Built: 1900
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,984
  • Lot Size Source: Assessor
  • Lot Dimensions: 28.00 x 178.00
  • Zoning: CMX-3

Financial Considerations

  • Price Per Sq. Ft.: $71.43
  • Tax Year: 2026

Disclosures and Reports

  • Ownership: Other

Listed by National Realty Old City LLC - PA, Billy Creagh

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Listing agent

— 707 Chestnut St —

  • Billy Creagh

    National Realty Old City LLC - PA

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 707 Chestnut St

School District:Philadelphia City School District
NameGradesDistance
McCall Gen George A School
325 South 7th Street, Philadelphia, PA 19106
K-80.3 mi
Franklin Benjamin High School
550 North Broad Street, Philadelphia, PA 19130
12-111.1 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 707 Chestnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/11/2026
Listed
$299,999
-88.79%
MLS
10/08/2025
Sold
$2,675,000
—
Public Record
Get Price Alerts and Save Property
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 for 707 Chestnut St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,997
—
$1,500,000
—
2024
$20,997
-52%
$1,500,000
-52%
2023
$43,394
-21%
$3,100,000
100%
2021
$54,687
26%
-100%
2023
$43,394
-21%
$4,102,000
5%
2020
$54,687
1%
$3,906,800
1%
2019
$54,281
88%
$3,877,800
88%
2018
$28,836
216%
$2,060,000
18%
2017
$9,126
—
$1,750,000
—
2016
$9,126
-61%
$1,750,000
—
2015
$23,450
—
$1,750,000
—
2014
$23,450
4%
$1,750,000
179%
2013
$22,591
—
$626,560
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by National Realty Old City LLC - PA, Billy Creagh

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707 Chestnut Street, Philadelphia, PA 19106 (MLS# PAPH2573438) is a Business property. 707 Chestnut Street is currently listed for $299,999 and was received on January 11, 2026. Want to learn more about 707 Chestnut Street? Do you have questions about finding other Business real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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