707 Chestnut St

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.

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.

10
beds

25,374 Sq.Ft. LIVING AREA

4,984 Sq.Ft. lot

Features & Amenities

Interior

total bedrooms10

Area & Lot

Status For Sale
Living Area25,374 Sq.Ft.
Lot Area4,984 Sq.Ft.
MLS® IDPAPH2485058
TypeResidential
YEAR BUILT1900
Architecture StylesOther
School DistrictPHILADELPHIA CITY

Exterior

water SourcePublic
HEAT TYPECentral, Natural Gas
AIR CONDITIONINGCentral Air
sewerPublic Sewer

Financial

Sales Price$3,000,000
Real Estate Tax $20,997/yr

Contact Details

Blacklabel™

Phone

(215) 610-0281

[email protected]

Address

107 S 2nd St. #300 Philadelphia, PA 19106

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$3,000,000

Gaurav Gambhir

Features & Amenities

Interior

Area & Lot

Exterior

Financial

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