4206-08 Chestnut Philadelphia, PA 19104
4206-08 Chestnut Street is an extremely rare development opportunity in a PRIME University City location. This site is the heart of University of Pennsylvania's campus and the Philadelphia Region’s 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 1&2) - 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. Joe’s, Penn Medicine and the Children’s 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.
- Property TypeMulti-Family
- NeighborhoodUniversity City
- CountyPhiladelphia
- Taxes$5,905
- HOA/Condo/Coop Fees$0
- Days on Site38 Days
- MLS StatusActive
- MLS ID NumberPAPH2361312
- Home Size Source Estimated
- Year BuiltN/A
- Lot Size0.06 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Other
- Construction Other
- Parking None
- Sewer Public Sewer
- Acreage 0.06
- Water Public
- Attached Garage No
- Zoning CMX-4
Interior Features
- Cooling None
- Heating None
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area 19104 (19104)