132 Chestnut Street
Located just steps away from the Durst Organization's $2.2 billion Penn's Landing redevelopment, this property benefits from a high-traffic location with direct access to I-95. The "World Famous" Old City area attracts travelers from around the globe, drawn by its many historical attractions. The property boasts a prime location with a nearby parking garage. In pristine condition, this mixed-use building is for sale in one of Philadelphia's most vibrant areas. The current owner is willing to do a lease-back, and the property is fully occupied. Noteworthy is the significant investment in the area, with Philadelphia raising $225 million on June 10, 2017, to reshape Penn's Landing, including plans for a four-acre cap over I-95 and Columbus Blvd., featuring a new skating rink, spray pools, a cafe, and memorials. The property facts include a sale price of $1,750,000, a building size of 4,100 SF, a price per SF of $427, and it is classified as a Class B office building with multiple tenants. Built in 1900, this four-story building has a typical floor size of 795 SF and includes amenities such as a restaurant, security system, basement, high ceilings, hardwood floors, air conditioning, and a balcony.
