707 Chestnut Street
Philadelphia, PA 19106
Listing provided courtesy of: KW Empower
Property Description
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.
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Features:
Central Air Public Sewer
| Price: | $3,000,000 |
| Beds: | 10 |
| Interior (SQFT): | 25,374 |
| Lot Size (SQFT): | 4,792 |
| Property Type: | Residential Income |
| Year Built: | 1900 |
Listing provided courtesy of: KW Empower. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information is deemed reliable but not guaranteed. © 2025 by BRIGHT MLS. All rights reserved. Listing last updated on 06/05/2025 14:25:39
Old City
"Hipstoric" feel, bar hoppers dream, 18th-century charm, cobblestone streets, Franklin Fountain sundaes and "First Friday", & late-night tasty bites, live bands & brus.
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