4206 Chestnut - Multifamily Development
23 Units | 47 Beds | University City
Overview
- Offering Price $1,150,000
- Gross Building SF 22,433 SF
- Proposed Units 23
- Price per Unit $50,000
- Proposed Beds 47
- Price per Bed $24,468
- Zoning CMX-4
On behalf of Ownership, GREA extends to qualified investors the opportunity to acquire the fee simple interest in 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.
