718 Chestnut Street

Highlights:

• Tax Roll Number: 881301300
• Annual Tax: $ 35287.0
• Cooling: Central A/C
• Heating Fuel Type: Gas
• Heating Type: Forced Air
• Water: City Water

Description:

718 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 signs for Independence Hall and continue south on 6th Street. Turn left on Chestnut Street; the property is on the right between 7th and 8th Streets.From I-76 (Schuylkill Expressway): Take I-676 East (Vine Street Expressway) and exit at 8th Street. Continue south to Chestnut Street.By Public Transit: The property is within walking distance of the 8th & Market SEPTA Station (Market-Frankford Line) and several bus routes including 21, 42, and 33.Nearby Landmarks: Steps from Independence Hall, the Liberty Bell, and Washington Square Park.

Public Remarks:718 Chestnut Street presents a rare opportunity to own a premier mixed-use property in the heart of Philadelphia's historic Old City/Center City East district. Offered at $3,291,500, this high-profile building is located along one of the city's 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 Philadelphia's 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 Market‹“Frankford 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 nation's most historically significant and economically vibrant urban neighborhoods.