Prime Mixed-Use Investment Opportunity - Rittenhouse Square! Exceptional mixed-use asset located on prestigious Chestnut Street in the heart of Rittenhouse Square, Center City Philadelphia. This high-demand corner property offers strong visibility, consistent foot traffic, and long-term appreciation in one of the city's most established commercial and residential corridors. The building includes approximately 1,800 SF of ground-floor retail/office space, ideal for a variety of commercial uses, plus five (5) residential units above. Each residential unit has been fully upgraded with modern kitchens and bathrooms, newly refinished hardwood floors, separate utilities, and individual heating and central air conditioning systems, minimizing owner expenses and maximizing operational efficiency. With its central location, diverse income streams, and turnkey condition, this property is well-positioned for both stable cash flow and future upside. An ideal acquisition for investors seeking a low-maintenance mixed-use property in a proven, high-demand market. Buyer responsible to verify taxes and sq ft. VIDEOS of each apartment unit available at request!
| MLS # | PAPH2575438 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1930 |
| Days On Site | 267 |
| Listing Provided By | Plus Realtors | Matin Haghkar |
| SQ Feet | 20,000 |
|---|---|
| Units | 2 |
| Zoning | CMX5 |
| Acreage | 0.04 |
| Rooms Total | 5 |
|---|---|
| Cooling | Central A/C |
| Heating Yes / No | Yes |
| Heating | Heat Pump - Gas Back Up |
| Construction Materials | Masonry |
|---|
| Garage Yes / No | No |
|---|
| Utilities | Cable TV, Phone, Natural Gas Available, Electric Available, Cable TV Available, Water Available, Sewer Available |
|---|
| Tax Annual Amount | 20920 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19103 |
| Area | 19103 (19103) |
| Community Name | RITTENHOUSE SQUARE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in RITTENHOUSE SQUARE) | |
Price: $3,213,000 low | high Med: $120,000 sqft: 20,000 low | high Med: 535 $ / sqft: $161 low | high Med: $228 On site: 267 low | high Med: 41.5 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19103 |
| Area | 19103 (19103) |
| Community Name | RITTENHOUSE SQUARE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in RITTENHOUSE SQUARE) | |
Price: $3,213,000 low | high Med: $120,000 sqft: 20,000 low | high Med: 535 $ / sqft: $161 low | high Med: $228 On site: 267 low | high Med: 41.5 | |