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718 Chestnut St

$3,291,500

718 Chestnut St, Philadelphia, PA 19106

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Last Updated: 10/27/2025

9,555 sqft

Building Size

1900

Year Built

Details:
Building Size:    9,555 sqft
Year Built:    1900
Price Per Sqft:    $344.48
Zoning:    CMX5
Highlights:
  • Days on Market: 71
  • Heating: 90% Forced Air
Description:

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.

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