5532-40-40 CHESTNUT ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19139
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,980 sqft
Price per Sqft $107
Subdivision West Philadelphia
MLS Listing ID PAPH2524342
Year Built 1900
Available Date 2025-08-06
Annual Tax Amount $1,339
Tax Year 2025
Lot Size 0.300 Acres
Property Sub-Type Land for Commercial Use
Property Description
Prime Development Opportunity in Qualified Opportunity Zone – 12,980 SF Double Lot with CMX2 Zoning, parcels include 5532-5540 Chestnut St. Located in a thriving commercial corridor just west of University City, this remarkable 12,980 sq. ft. double property offers unmatched potential for investors or developers. The lots sit in a Qualified Opportunity Zone and is zoned CMX2, allowing for a wide range of commercial and residential uses. The existing structure currently houses a successful auto and tag shop, featuring: Two separate offices with private entrances, a spacious auto service bay that accommodates eight cars, a secure rear lot with room for eight additional vehicles, three half bathrooms and an attached 22-space parking lot supporting business operations Strategically located near Penn and Drexel Universities, this site sits at the forefront of University City's westward expansion. It's highly accessible via public transportation, including the SEPTA Market-Frankford Line, and offers easy pull-in access from Chestnut Street. Surrounded by high-traffic national retailers such as Wendy's, Rite Aid, Fresh Grocer, and Dunkin' Donuts, all within a two-block radius, this site benefits from strong daily foot and vehicle traffic.Whether you're seeking a long-term investment, income-producing asset, or a major redevelopment opportunity, this rare parcel delivers on location, flexibility, and future upside in one of Philadelphia's most vibrant and evolving neighborhoods. All showings must be made with listing agent. No showings during business hours.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C,Window Unit(s)
Inclusions Lifts, tag/insurance business and auto mechanic business.
Exterior
Garage Spaces 30.0
Water Access N
Roof Type Flat
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard