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Public Remarks: 718 Chestnut Street presents a rare opportunity to own a premier mixed-use property in the heart of Philadelphia's historic Old City/Center City East district. Offered at $3,291,500, this high-profile building is located along one of the city's most iconic commercial corridors, surrounded by world-class dining, shopping, cultural landmarks, and transit options. Zoned CMX-5 (Commercial Mixed-Use - highest density in Philadelphia), the property allows for maximum development flexibility including retail, restaurant, office, hotel, cultural, and multi-family residential uses. With no maximum height and generous FAR allowances, this site is ideally suited for investors, developers, and end-users seeking a flagship location in Philadelphia's urban core. Highlights: Prime location between 7th & 8th Streets, steps from Independence Hall, the Liberty Bell, Washington Square, and Jefferson/PA Hospital. Walking distance to public transportation, including the Market-Frankford Line (8th & Market Station) and multiple SEPTA bus routes. High-visibility frontage along Chestnut Street with steady foot and vehicle traffic. Surrounded by thriving retail, dining, and entertainment destinations in Old City and Center City. Flexible CMX-5 zoning enabling significant redevelopment or repositioning potential. Whether repositioned as a flagship retail space, redeveloped into luxury residential units, or transformed into a mixed-use tower, 718 Chestnut Street offers unmatched visibility, density, and long-term upside in one of the nation's most historically significant and economically vibrant urban neighborhoods.
Property Type(s):
Commercial
| Last Updated | 8/18/2025 | Year Built | 1900 |
|---|---|---|---|
| Community | 19106 (19106) | County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Additional Details
| AIR | Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19106 (19106) |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 3485 sq ft |
| LOT DIMENSIONS | 23.00 x 145.00 |
| PARKING | On Street, Garage, Parking Lot |
| SEWER | Septic Tank, Public Sewer |
| TAXES | 35287 |
| WATER | Public |
| ZONING | CMX-5: Highest-density mixed-use zoning in Philadelphia, allowing unlimited height, retail, office, |
Location
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Listing provided by Coldwell Banker Hearthside-Doylestown
The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.
All listing data, including, but not limited to, square footage and lot size is believed to be accurate, but the listing agent, listing broker and respective Multiple Listing Services and their affiliates do not warrant or guarantee such accuracy. Therefore, all data should be personally verified through personal inspection by and/or with the appropriate professionals. Listing data last updated 8/18/25 9:37 PM PDT.
The listing information on this web site is from various brokers who participate in IDX.
Copyright 2025 MRIS. All rights reserved.
All listing data, including, but not limited to, square footage and lot size is believed to be accurate, but the listing agent, listing broker and respective Multiple Listing Services and their affiliates do not warrant or guarantee such accuracy. Therefore, all data should be personally verified through personal inspection by and/or with the appropriate professionals. Listing data last updated 8/18/25 9:37 PM PDT.
The listing information on this web site is from various brokers who participate in IDX.
Copyright 2025 MRIS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
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