701 Chestnut Street Philadelphia, PA ^$ 3,750,000

701 Chestnut Street

^$ 3,750,000

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701 Chestnut Street

Philadelphia, PA, 19106

^$ 3,750,000

Bedrooms-- Baths-- Sq 10,710

Monthly Estimate*

^$ 23,395

701 Chestnut Street, Philadelphia, PA 19106 - Image 1

701 Chestnut Street, Philadelphia, PA 19106 - Image 2

701 Chestnut Street, Philadelphia, PA 19106 - Image 3

701 Chestnut Street, Philadelphia, PA 19106 - Image 4

701 Chestnut Street, Philadelphia, PA 19106 - Image 5

701 Chestnut Street, Philadelphia, PA 19106 - Image 6

Commercial Property for sale in Philadelphia, PA

for $3,750,000. This 10,710 square foot building was built in 1900 on a lot size of 0.05.

Prime Center City Investment Opportunity! Welcome to the stunning five-story commercial building located in the heart of Philadelphias 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 buildings classic faade 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 Philadelphias most desirable areas.

Commercial Active

Price

^$ 3,750,000

Property Type

Commercial

Taxes

^$ 21,696

Style

Apartment Building

Lot Size

0.05

Year Built

1900

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2561448

Features

Interior

Heating Fuel Natural Gas

Hot Water Natural Gas

Heating Y/N Y

Central Air Y/N Y

General

Sewer Public Sewer

Heating Central

Cooling Central A/C

Possession 31-60 Days CD 61-90 Days CD

Zoning CMX5

Construction Materials Masonry

Year Built 1900

Property Subtype Other

Tax Year 2025

Ownership Fee Simple

Cool Fuel Natural Gas

Municipality PHILADELPHIA

Business Type Apartment Building

Accessibility None

County PHILADELPHIA

Net Operating Income 214591.00

New Construction N

Property Type Commercial Sale

Subdivision Name WASHINGTON SQ WEST

Water Access Y/N N

Status ACTIVE

Directions N/A

City PHILADELPHIA

Number Of Units Total 7

MLS Area 19106 (19106)

Lot Size Units Square Feet

Lot Size Square Feet 2142.00

Tax Annual Amount 21696.0

Price Per Sq Ft Total AG 350.14

Acceptable Financing Cash Conventional

Vacation Rental Y/N N

Standard Status Active

Year Built Source Assessor

Tax Lot 33

Exterior

Water Source Public

Type of Parking On Street

Water View Y/N N

Building Area Total 10710.00

Lot Dimensions 21.00 x 102.00

Lot Size Acres 0.05

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 465000.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 701

* Excluded Features

List By

Home Vista Realty

Broker

stephanie.zhang168@gmail.com

Affordability Calculator

$25,203

Per Month

Monthly Principal & Interest: $23,395
Monthly Property Taxes: $1,808
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Philadelphia, PA

Average List Price ^$1,085,244

Percent of Sale Price 71%

About Philadelphia, PA

1,588,239 Population

5% Since 2002

^$42,223 Median Income

36 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$3,750,000		Listed Price

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701 Chestnut Street, Philadelphia, PA, 19106 is a Commercial Property for sale at $3,750,000 with 10,710 sqft and a lot size of 0.05. 701 Chestnut Street was built in 1900. The property's zip code is 19106 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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701 Chestnut Street

Commercial Property for sale in Philadelphia, PA

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