701 CHESTNUT STREET, PHILADELPHIA, PA 19106 | MLS #PAPH2639560 | Berkshire Hathaway HomeServices Fox & Roach

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701 CHESTNUT STREETPHILADELPHIA, PA 19106

Commercial · 10,710 Sq. ft. | 0.05 Acres
$3,300,000 ACTIVE

701 CHESTNUT STREET Overview

Time on Site:
9 days
Visits:
8

Prime Center City Investment Opportunity! Welcome to the stunning five-story commercial building located in the heart of Philadelphia's vibrant Washington Square West neighborhood. This impressive property features six units plus a long-term deli tenant on the first floor, providing immediate and stable income. The building's classic façade and prime location just steps from Independence Hall, Washington Square Park, and major transit lines make it a standout addition to any investment portfolio. Here is your chance to gain a solid income-producing property in one of Philadelphia's most desirable areas.

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701 CHESTNUT STREET Facts & Features

  • Type Commercial
  • Sq. ft. 10,710
  • Price/Sq.ft. $308
  • Lot 0.05 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1900

Business Information

  • Business Type: Convenience Store/Gas,Apartment Building,Hair Salon and Spa,Medical,Professional

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19106 (19106)
  • Subdivision Name: WASHINGTON SQ WEST

Parking Information

  • Total Parking Spaces: 0
  • Type of Parking: On Street

Tax Information

  • City/Town Tax: 9546.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • School Tax: 12150.00
  • Tax Annual Amount: $21,696.00
  • Tax Assessed Value: 1550000.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • School District Name: PHILADELPHIA CITY
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: CMX5

Unit Information

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Interior

Building Information

  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 10710.00
  • Central Air: Yes
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: Central A/C

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Estimated
  • Lot Size Dimensions: 21.00 x 102.00
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 2142.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Masonry

General Information

  • Number Of Units Total: 7
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Description: Commercial Deli Store

Unit 7 Details

  • Unit Type: Unit 2
  • Description: two-bedroom apartment

Unit 6 Details

  • Unit Type: Unit 3
  • Description: Third Floor front - One bedroom apartment

Unit 2 Details

  • Unit Type: Unit 4
  • Description: 3rd FL Rear - two bedroom partment

Unit 5 Details

  • Unit Type: Unit 5
  • Description: Fourth FL Front - 1 bedroom apartment

Unit 4 Details

  • Unit Type: Unit 6
  • Description: Fourth FL Rear - 2 bedroom apartment

Unit 3 Details

  • Unit Type: Unit 7
  • Description: Fifth FL - 2 bedroom big apartment

701 CHESTNUT STREET Neighborhood

Community

19106 (PHILADELPHIA) Demographics

38
Median Age
11,225
Population Density (per sq. mile)
80%
College Educated
$116,368
Estimated Median Income
3,659
Estimated Total Home Owners
3,966
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

701 CHESTNUT STREET Monthly Cost

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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

701 CHESTNUT STREET Market Data

Based on the last 30 days in this zip code

$1,044,762
Average List Price
$623
Average Price per Square Foot
23
Properties Sold
142
Average Days on Market
128
Properties for Sale
Calculations provided by Reliance Network

701 CHESTNUT STREET History

Date Event Value Agent
6/24/2026Source: BRIGHT MLS Price Increase
$3,300,000 900.0%
6/24/2026Source: BRIGHT MLS Status Change
ACTIVE
6/21/2026Source: BRIGHT MLS Status Change
TEMP OFF MARKET
6/21/2026Source: BRIGHT MLS Added to Database
June 21, 2026
Listing provided courtesy of Home Vista Realty- MLS# PAPH2639560MLS ProviderContact Information: 2159808881