Bought with Richard K Cassell • KW Empower
$550,000
$550,000
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138 CHESTNUT ST Philadelphia, PA 19106
596 Sqft Lot
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2224652
Sold Date 08/12/25
Year Built 1900
Annual Tax Amount $4,018
Tax Year 2024
Lot Size 596 Sqft
Acres 0.01
Lot Dimensions 14.00 x 43.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Rare opportunity to acquire a cash flowing value add building on one of the most iconic blocks in Old City, with highly favorable zoning to build vertical. This 3 story building houses the legendary sushi spot, Oishii Sushi & Ramen, which has been at this location for over 30 years. The current owner purchased the building with 2nd and 3rd floors un developed as raw space. Here is your chance to build multiple more stories to increase the value and cash flow. Current tenant just renewed last year for their only option in the lease.
Location
State PA
County Philadelphia
Area 19106 (19106)
Zoning CMX3
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882487400
Ownership Fee Simple
Special Listing Condition Standard
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