4025 Chestnut St | Philadelphia, PA 19104
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4025 Chestnut St
Philadelphia, PA 19104
Office Property For Sale
Investment Highlights
- University City is recession proof
- 40th St Station (Market Frankford Line) is two blocks away
- Excellent access to 30th St station, I-76, I-676 and I-95
Executive Summary
The Property is owned by The American Law Institute which occupies 50% of the building. There are two other tenants that occupy a total of 19,027 SF (33%) with leases that expire at the end of 2023 and 2024. With the high demand for Multifamily and Life Sciences, this property is a tremendous opportunity for redevelopment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
60,470 SF
Building Class
B
Year Built/Renovated
1896/1982
Percent Leased
Vacant
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
10,078 SF
Slab To Slab
12’
Building FAR
4.48
Lot Size
0.31 AC
Zoning
CMX-4 - Commerical
Parking
26 Spaces (0.43 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 773081005 | Improvements Assessment | $5,842,400 |
| Land Assessment | $1,771,300 | Total Assessment | $7,613,700 |
PROPERTY TAXES
Parcel Number
773081005
Land Assessment
$1,771,300
Improvements Assessment
$5,842,400
Total Assessment
$7,613,700
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