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714 Chestnut Street, Philadelphia, PA 19106
$2,350,000
714 Chestnut Street, Philadelphia, PA 19106View this property at 714 Chestnut Street, Philadelphia, PA 19106
714 Chestnut StreetPhiladelphiaPA19106
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Property Description
A rare opportunity to acquire a prominent architecturally significant building. The property is located in the premier area of Washington Square West in Center City Philadelphia, and the building consists of a fully equipped restaurant space on the first floor and three floors above. The three upper floors, which are currently vacant and ripe for development are approximately 3,000 SF with high ceilings. Located steps from Independence Hall, Liberty Bell, and Jewelers Row, the property has easy access to all major highways including I-95, I-676, I-76 and Ben Franklin Bridge and close proximity to Wills Eye Hospital, Jefferson Hospital and University of Pennsylvania hospital. Public transportation is nearby with Septa Regional Rail, bus, subway and PATCO high-speed line. This property is zoned CMX-5, the highest available zoning in the city which is suitable for a wide variety of uses and development potential.
Full Property Details
Full Property Details for 714 Chestnut St
General
- Sold For: $2,350,000
- Taxes: $20,297 (2021)
- Status: Closed
- Type: Warehouse
- MLS ID: PAPH972148
- Added to Site: 1, 236 day(s) ago
Business
- Business Type: Apartment Building, Bed and Breakfast, Big Box Retai
Parking
- Parking Type: On Street, Public Garage
Location
- Area: 19106 (19106)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Washington Sq West
- Subdivision: Washington Sq West
- Cross Streets: 8Th
- Driving Directions: 700 Block of Chestnut Street
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Natural Gas Available
Structural Information
- Construction: Masonry
- Drive-In Doors: 1
- # Loading Docks: 1
- Stories/Levels: 0
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Average
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,136
- Lot Size Source: Assessor
- Lot Dimensions: 22.43 x 139.81
- Zoning: CMX5
Financial Considerations
- Price Per Sq. Ft.: $190.47
- Assessment Year: 2021
- School Tax: $11,137
- City/TownTax: $9,160
- City/TownTax Freq: Annually
- Tax w/Assessment: $1,450,000
- Tax Amount: $20,297
- Tax Year: 2021
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Lot Number: 28
Listed and Sold by National Realty Old City LLC - PA, Marcello Ciurlino
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Schools
Schools serving 714 Chestnut St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
325 S 7th St, Philadelphia, PA 19106 | K-8 | 0.3 mi | |
550 N Broad St, Philadelphia, PA 19130 | 9-12 | 1.1 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 714 Chestnut St
Date
Details
Price
Change
Source
9/08/2022
Sold
$2,350,000
—
MLS
5/31/2022
Price Reduced
$2,350,000
-11.32%
MLS
1/10/2022
Price Reduced
$2,650,000
-5.36%
MLS
12/16/2020
Listed
$2,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
714 Chestnut Street, Philadelphia, PA 19106 (MLS# PAPH972148) is a Warehouse property that was sold at $2,350,000 on September 08, 2022. Want to learn more about 714 Chestnut Street? Do you have questions about finding other Warehouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.