4206-08 CHESTNUT Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 23,500 sqft
Price per Sqft $59
Subdivision University City
MLS Listing ID PAPH2361312
Style Other
Abv Grd Liv Area 23,500
Originating Board BRIGHT
Annual Tax Amount $5,905
Tax Year 2022
Lot Size 2,754 Sqft
Acres 0.06
Property Description
4206-08 Chestnut Street is an extremely rare development opportunity in a PRIME University City location.
This site is the heart of University of Pennsylvania's campus and the Philadelphia Region’s leader in Education, Science, and Innovation. Sites like this one are far and few between so act fast.
Currently there are two building that would be demolished. One is a shell and the other one is in a decent condition.
Development highlights include the possibility of 22 units by right with diverse unit mixture on 8 storeys building, around 23,350 sqft and CMX-4 zoning.
Project includes :
- Approved Demolition Permit
- Environmental (Phase 1&2)
- Approved properties Consolidation Permit
- Zoning permit – In the works
- Proposed Floor Plans.
Location, Location, Location - University City is home to some of the best educational and medical facilities in the world including Drexel, UPenn, St. Joe’s, Penn Medicine and the Children’s Hospital of Philadelphia (CHOP). The University City area boasts more than 85,000 jobs, 44% of all national institutes of health investments in the entire state, $1.85 billion in Research and Development expenditures among higher education institutions, a tripling of median home values over the past decade, and approximately 2.75 million square feet in development or under construction.
Contact me for more informations about the current and future projects that happening in the immediate area. Offering Memorandum available upon request.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX-4
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard