Astoban Realty Group (ARG) - Philadelphia, PA – Luxury Condominiums



  •   Commercial Sale
  •   -
  •   -
  •  $3,999,999

Property Description

1206 Chestnut Street located In the Midtown Village neighborhood of Center City Philadelphia. The property provides 24 feet of frontage on Chestnut Street, one of the city’s major retail corridors, and runs 146 feet deep. The structure is a four-story concrete and steel commercial building with an elevator located on the ground-floor retail space which services the three levels above. The property was previously The Philadelphia Federal Credit Union (PCU) headquarters which provided PCU a first floor bank branch space with its corporate offices on the three upper floors. In March 2019, PCU moved out, therefore the building is currently vacant. The zoning is CMX-5 which is considered a very valuable zoning because it allows for variety, and provides the potential for the addition of floors.


Property Title: 1206 CHESTNUT STREET
Listing ID: PAPH990040
Status: ACTIVE
Subdivision Name: CENTER CITY
Year Built: 1950
Property Sub Type: Mixed Use
Price Per SQFT: $306


Carport Spaces Count: 0
Construction Materials: Masonry
Accessibility Features: Elevator
New Construction YN: N
Cooling Fuel: Electric
Heating Fuel: Other
Hot Water: Other
Water Frontage Length: 0
Pool Private YN: N
Water Access YN: N
Waterfront YN: N

Address Map

Street Suffix: STREET
Street Number Numeric: 1206
Directions: 12th & Chestnut
Floor Number: 0

MLS Addon

Office Name: Mallin Panchelli Nadel Realty, Inc
Agent Name: Roman Anthony Melnyk
Original MLS Name: Bright
Sub System Locale: BRIGHT_MAIN
Total Taxes Pymnt Freq: Annually
Vacation Rental YN: N
Major Change Type: Other
HOA Fee Freq: Monthly
List Agent MLS ID: 3284103
List Agent Email:
List Office Key: 121134679747
Above Grade Fin SQFT: 0 Sqft
Building Total SQFT: 13,056 Sqft
Levels/Stories: 0
Total SQFT: 0 Sqft
Short Sale: No
Sale Type: Standard
Tax Annual Amount: $43,394
Tax Year: 2021
Zoning: CMX5
Sewer Septic: Public Sewer
Water Source: Public
Astoban Realty Group, LLC ("ARG") is a licensed real estate broker located in the Commonwealth of Pennsylvania. No representation is made as to the accuracy of the information in this floor plan, and such information is subject to errors, omission, and change. All information in this floor plan is deemed reliable, but is not guaranteed accurate. The plan herein depicts existing conditions for graphic representation purposes only and should be used as such by the prospective purchaser or tenant. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. ARG actively supports equal housing opportunities.
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