Property
Beds
10
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
25,374
On behalf of ownership, The TCS Group is pleased to present the exclusive opportunity to acquire the fee simple interest in 707 Chestnut Street — home to Jefferson Flats, a boutique collection of five well-appointed two-bedroom apartments located in the heart of Center City Philadelphia. The property also features 4,200 square feet of prime ground-floor retail space, currently leased to an established restaurant operator with a newly extended lease. An additional 4,546 square feet of commercial space spans the second and third floors, offering flexible potential for various future uses. A valuable liquor license is also included in the sale. This offering presents new ownership with a compelling value-add opportunity. With modest upgrades to the building’s common areas and light cosmetic enhancements to the residential units, there is strong potential to increase rental income. Moreover, a strategic approach to activating and monetizing the upper-level commercial space can unlock significant additional cash flow for an incoming investor.
Features & Amenities
Interior
-
Total Bedrooms
10
Area & Lot
-
Lot Size(acres)
0.11
-
Property Type
Residential Income
-
Architectural Style
Other
Exterior
-
Garage
No
-
Parking
None
Financial
-
Sales Price
$3,000,000
-
Tax Amount
20997.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Gaurav Gambhir , KW Empower
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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