2004-6 Chestnut Street

2004-6 Chestnut Street Philadelphia, PA 19139



Property Details

  • Price-
  • Property TypeMixed Use
  • NeighborhoodRittenhouse Square
  • Number of Units7
  • Lot Size-
  • Price/Unit-
  • Price/Bedroom-
  • Year Built-

Investment Highlights

  • Adjacent Mixed-Use Buildings in Rittenhouse Neighborhood of Philadelphia
  • 2 Studio Units; 1, Three-Bedroom Unit; 3 Commercial Units
  • Value Add Opportunity with Unit Renovations and Lease Up Opportunities
  • Two Commercial Units in First Year of NNN Lease
  • Utilities Separately Metered
  • Situated on Rapidly-Developing Block of Chestnut Street
  • Walking Score of 97; Bike Score of 97; Transit Score of 100

Description

2004 Chestnut Street and 2006 Chestnut Street, two adjacent mixed-use investment properties in the prime section of Center City Philadelphia – Rittenhouse Square. Located on one of the busiest commercial corridors in Center City, these properties benefit from heavy pedestrian and vehicular traffic exposure, and convenient walking distance to the most populated business district in the region.

2004 Chestnut Street is a five-unit, mixed-use property consisting of three studio apartments, a large three-bedroom unit and one commercial space. The commercial unit, a restaurant space with an NNN lease, underwent a complete renovation in 2013. The restaurant operators have enjoyed success supported by the lunch crowds from office buildings and the dense residential population of Rittenhouse Square.

 



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