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Investment -Old City, Prime location 132 Chestnut St
4,100 SF 51% Leased Office Building Philadelphia, PA 19106 $1,750,000 ($427/SF)
Investment Highlights
- Mere steps from the Durst Organization's 2.2 billion dollar Penn's Landing Re-development.
- A high traffic artery with direct access to I- 95.
- " World Famous" Travelers from all over the world converge on Old City to visit the many historical attractions.Prime location!
- Parking Garage Nearby
Executive Summary
Owner will do a lease-back.
100% occupied.
Big News for Old City: 6/10/2017
" Philadelphia just raised $225 million to drastically reshape Penn's Landing
The Delaware River Waterfront announced the funding Friday, outlining the four key elements to completing the large-scale project. First, a four-acre cap over I-95 and Colombus Blvd., between Walnut and Chestnut Streets, will be constructed to hold a new skating rink, spray pools, a cafe, and Irish and Scottish memorials."
Property Facts
Amenities
- Restaurant
- Security System
- Basement
- High Ceilings
- Hardwood Floors
- Air Conditioning
- Balcony
About 132 Chestnut St , Philadelphia, PA 19106
Beautifully renovated; mixed-use building with no expense spared throughout the entire property. Prime location in the " Hipstoric Old City" area. Three units with a roof deck. A) Restaraunt with built-out basement B) Office/ short term rental with shower. C) Owners' quarters, bi-level apartment with roof deck (Great for Short-term rental income/ annual lease) D) Sprinkler system
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Buk Chon
- -
- -
- -
- Aug 2028
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Buk Chon | - | - | - | Aug 2028 |
PROPERTY TAXES
| Parcel Number | 871006250 | Improvements Assessment | $625,840 |
| Land Assessment | $156,460 | Total Assessment | $782,300 |
PROPERTY TAXES
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Investment -Old City, Prime location | 132 Chestnut St
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