End-User or Redevelopment Opportunity 5616-5636 Chestnut St 18,340 SF Vacant Office Building Philadelphia, PA 19139 $3,250,000 ($177.21/SF)



INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity
- ~23 Parking Spaces
- Delivered Vacant
EXECUTIVE SUMMARY
The Flynn Company is pleased to offer an exciting new opportunity to purchase 5600-14 Chestnut St and 5616-36 Chestnut St in West
Philadelphia. The two adjacent properties are situated on the SW corner of 56th & Chestnut St and are comprised of two separate office
buildings on a combined land area of 38,615 SF.
5600-14 Chestnut St is a 1-story, 6,914 SF medical office building that is currently 100% occupied by Heart Care Consultants, LLC; the
tenant will be vacating upon a sale. The building was fully renovated in 2011 and is built out with numerous doctor’s offices, exam rooms,
labs, a large procedure room and a pre- and post- operative patient care area. The property has frontage on along Chestnut St as well as
56th St and boasts an electrified signage pylon on the corner. The parcel also includes striped parking for approximately 30 vehicles.
5616-36 Chestnut St is a 2-story, 18,340 SF elevator-served medical office building that was previously occupied by Mercy Health
Associates and Renal Center of Philadelphia; it was most recently occupied in 2022 and is currently vacant. The building is in need of
cleaning and updating before it can be occupied again. It is built out with numerous doctor’s offices and exam rooms throughout. The
parcel also includes striped parking for approximately 23 vehicles.
The Asking Price for both properties combined is $6,500,000.
The offering presents a great opportunity for a medical user or as a future development site. Please contact The Flynn Company with
any questions or to schedule a property inspection.
Philadelphia. The two adjacent properties are situated on the SW corner of 56th & Chestnut St and are comprised of two separate office
buildings on a combined land area of 38,615 SF.
5600-14 Chestnut St is a 1-story, 6,914 SF medical office building that is currently 100% occupied by Heart Care Consultants, LLC; the
tenant will be vacating upon a sale. The building was fully renovated in 2011 and is built out with numerous doctor’s offices, exam rooms,
labs, a large procedure room and a pre- and post- operative patient care area. The property has frontage on along Chestnut St as well as
56th St and boasts an electrified signage pylon on the corner. The parcel also includes striped parking for approximately 30 vehicles.
5616-36 Chestnut St is a 2-story, 18,340 SF elevator-served medical office building that was previously occupied by Mercy Health
Associates and Renal Center of Philadelphia; it was most recently occupied in 2022 and is currently vacant. The building is in need of
cleaning and updating before it can be occupied again. It is built out with numerous doctor’s offices and exam rooms throughout. The
parcel also includes striped parking for approximately 23 vehicles.
The Asking Price for both properties combined is $6,500,000.
The offering presents a great opportunity for a medical user or as a future development site. Please contact The Flynn Company with
any questions or to schedule a property inspection.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
18,340 SF
Building Class
B
Year Built
1925
Price
$3,250,000
Price Per SF
$177.21
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,170 SF
Building FAR
0.99
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
CMX-2 - CMX-2
Parking
22 Spaces (1.2 Spaces per 1,000 SF Leased)
1 of 3
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
Parcel Number | 773016500 | Improvements Assessment | $1,370,220 |
Land Assessment | $300,780 | Total Assessment | $1,671,000 |