PA > Philadelphia > West Philadelphia
Philadelphia, PA 19139,5532-40-40 CHESTNUT ST
Philadelphia, PA 19139,5532-40-40 CHESTNUT ST
Philadelphia, PA 19139,5532-40-40 CHESTNUT ST
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Listed by Keith M Stallone • Coldwell Banker Realty
$1,399,999
Est. payment /mo
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12,980 SqFt
New

5532-40-40 CHESTNUT ST Philadelphia, PA 19139

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

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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

Acres 0.3

Lot Dimensions 118 x 110.00

Property Sub-Type Land for Commercial Use

Source BRIGHT

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.

Heat Source Natural Gas

Exterior

Garage Spaces 30.0

Water Access N

Roof Type Flat

Street Surface Access - On Grade

Accessibility 2+ Access Exits, No Stairs, Level Entry - Main, Doors - Recede, >84\" Garage Door

Total Parking Spaces 30

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 885611000

Ownership Fee Simple

SqFt Source Estimated

Security Features Carbon Monoxide Detector(s),Exterior Cameras,Main Entrance Lock,Security Gate

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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