Philadelphia, PA 19106 718 Chestnut Street

718 Chestnut Street Philadelphia, PA - Image 1718 Chestnut Street Philadelphia, PA - Image 2718 Chestnut Street Philadelphia, PA - Image 3
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Presented By: Coldwell Banker Hearthside-Doylestown
  • MLS# PAPH2528930
  • 08/18/2025
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  • SQFT • 9,555

Home Details

Public Remarks: 718 Chestnut Street presents a rare opportunity to own a premier mixed-use property in the heart of Philadelphias historic Old City/Center City East district. Offered at $3,291,500, this high-profile building is located along one of the citys most iconic commercial corridors, surrounded by world-class dining, shopping, cultural landmarks, and transit options. Zoned CMX-5 (Commercial Mixed-Use highest density in Philadelphia), the property allows for maximum development flexibility including retail, restaurant, office, hotel, cultural, and multi-family residential uses. With no maximum height and generous FAR allowances, this site is ideally suited for investors, developers, and end-users seeking a flagship location in Philadelphias urban core. Highlights: Prime location between 7th & 8th Streets, steps from Independence Hall, the Liberty Bell, Washington Square, and Jefferson/PA Hospital. Walking distance to public transportation, including the MarketFrankford Line (8th & Market Station) and multiple SEPTA bus routes. High-visibility frontage along Chestnut Street with steady foot and vehicle traffic. Surrounded by thriving retail, dining, and entertainment destinations in Old City and Center City. Flexible CMX-5 zoning enabling significant redevelopment or repositioning potential. Whether repositioned as a flagship retail space, redeveloped into luxury residential units, or transformed into a mixed-use tower, 718 Chestnut Street offers unmatched visibility, density, and long-term upside in one of the nations most historically significant and economically vibrant urban neighborhoods.
Presented By: Coldwell Banker Hearthside-Doylestown

Interior Features for 718 Chestnut Street

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 718 Chestnut Street

AccessibilityAccessible Switches/Outlets, Elevator, Grab Bars Mod, Level Entry - Main, Mobility Improvements, Ramp - Main Level, Roll-in Shower, Other
Association Recreation FeeN
Business TypeBanquet Facility/Lodge, Big Box Retail, Day Care Facility, Flex, Hair Salon and Spa, Health Club, Medical, Other/General Retail, Professional, Religious Facility, Restaurant/Bar, Shopping Center, School, Supermar
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
Directions718 Chestnut Street is located in the historic Old City/Center City East district of Philadelphia, between 7th and 8th Streets. By Car: From I-95, take Exit 22 (Callowhill/Independence Hall). Follow s
Heating90% Forced Air
Lot Size Square Feet3302.00
Lot Size UnitsSquare Feet
MLS Area19106 (19106)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG344.48
Property SubtypeRetail
Property TypeCommercial Sale
SewerPublic Septic, Public Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount35287.0
Tax Assessed Value2520900.0
Tax Year2025
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningCMX5

Exterior for 718 Chestnut Street

Building Area Total9555.00
Car Parking Spaces
Land Assessed Value252090.00
Land Use CodeCA0
Lot Dimensions23.00 x 145.00
Lot Size Acres0.08
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street, Parking Lot, Private Garage, Public Garage
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $3,291,500
MLS#PAPH2528930
List Date 08/18/2025
Property Type Commercial
Phone 703.929.4729
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