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Development Site in University City: Shovel Ready Construction Project on Chestnut Street Just Off 42nd Street Eds & Meds Tenant Base: Proximity to University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University Science Center Abundant Neighborhood Amenities: Popular Cafes, Bars, Restaurants; Aldi, Acme and Grocery Outlet Access to Public Transit & Highways: Bus, Trolley, Light Rail and Regional Rail; Proximity to Interstates 76 and 676 4206-4208 Chestnut Street, a 2,754± square foot development site in the University City section of Philadelphia. Zoned CMX-4, the site offers new ownership with the opportunity to develop 23 residential units "by right" with a diverse unit mix to attract the growing "eds and meds" tenant base. 4206 Chestnut features an extremely walkable location (96 Score) in the Spruce Hill section of University City. Penn Presbyterian Medical Center and the Science Center (±15-minute walk), Drexel's Vidas Athletic Complex and Fields (±8-minute walk), and the University of Pennsylvania, Drexel University, St. Joseph's University, Penn Medicine, and the Children's Hospital of Philadelphia (±25-minute walk or ±10-minute bike ride) are all in proximity. Further, SEPTA's Market-Frankford Line is accessible via 40th Street or 46th Street Stations, and a bus stop is within steps from the site.
| DAYS ON MARKET | 8 | LAST UPDATED | 11/15/2024 |
|---|---|---|---|
| YEAR BUILT | 1915 | COMMUNITY | 19104 (19104) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | 19104 (19104) |
|---|---|
| LOT | 2614 sq ft |
| SEWER | Public Sewer |
| TAXES | 8960 |
| WATER | Public |
| ZONING | Property is zoned CMX4 (Center City Commercial Mixed-Use) The site consists of 4206 (Parcel 27201640 |
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