4206-08 Chestnut Street is an extremely rare development opportunity in a PRIME University City loction.

This site is the heart of University of Pennsylvania's campus and the Philadelphia Regions 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 1and2) - 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. Joes, Penn Medicine and the Childre ns 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.

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on 4206-08 Chestnut
in Philadelphia, PA
Presented by Reda Akbil at
COMPASS.


Property MLS #PAPH2361312 from BrightMLS

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+ Land Info

Lot Size Acres: 0.0632231
Lot Size Square Feet: 2753

+ Multi-Unit Info

Number of Units: 1

+ School Information

School District: THE SCHOOL DISTRICT OF PHILADELPHIA
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Locke Alain School is a public elementary and middle school located approximately 0.5 miles away.
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West Philadelphia High School is a public high school located approximately 0.7 miles away.
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Christ Academy is a private elementary school located approximately 0 miles away.
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+ Other Property Info

Annual Tax Amount: 5905.0
Source Listing Status: Active
County: PHILADELPHIA
Source Property Type: Multi-Family
Area: PHILADELPHIA
Source Neighborhood: UNIVERSITY CITY
Subdivision: UNIVERSITY CITY
Township: PHILADELPHIA
Source System Name: C2C
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Listed 2024-06-03
$1,690,000
BrightMLS

+ Building and Construction

Total Square Feet Living: 23500
New Construction: Yes