Office Space
1206 Chestnut Street Philadelphia, PA 19107
Details & Description
Price: $3,999,999
    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.
    Additional Photos
    Listing Agents
    Roman Melnyk

    O: 267-238-1716
    rmelnyk@mpnrealty.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1206 Chestnut Street

    Philadelphia, PA 19107

    Listing ID: 255414
    • 1206 Chestnut Street Philadelphia, PA 19107 | for Sale | Photo 1
    • 1206 Chestnut Street Philadelphia, PA 19107 | for Sale | Photo 2
    • 1206 Chestnut Street Philadelphia, PA 19107 | for Sale | Photo 3
    • 1206 Chestnut Street Philadelphia, PA 19107 | for Sale | Photo 4
    • 1206 Chestnut Street Philadelphia, PA 19107 | for Sale | Photo 5
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    Building Size: 13,056 SF
    Lot Size: 0.079 AC
    Land Size: 3,456 SF
    Building $/SF: $306.37
    Land $/SF: $999.00
    Price
    $3,999,999
    Description

    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.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Philadelphia History of Office Space for Sale

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    Philadelphia Area Market Trends

    Listing Demographics for 1206 Chestnut Street Philadelphia, PA 19107

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population83,096460,397922,813
    Population Median Age393636
    Population by Age0-9 Yrs4661 (5%)45052 (9%)114658 (12%)
    10-19 Yrs3288 (3%)48516 (10%)112326 (12%)
    20-29 Yrs22960 (27%)107498 (23%)179543 (19%)
    30-39 Yrs19710 (23%)87888 (19%)151843 (16%)
    40-49 Yrs8327 (10%)46239 (10%)98933 (10%)
    50-59 Yrs7904 (9%)46854 (10%)103613 (11%)
    60-69 Yrs7718 (9%)41495 (9%)86689 (9%)
    70+ Yrs8527 (10%)36855 (8%)75207 (8%)
    Median HH Income$82,295$55,533$42,505
    Total Household Income< 24K7694 (16%)53509 (27%)121983 (33%)
    25-49K6346 (13%)34962 (18%)77921 (21%)
    50-74K7231 (15%)28814 (15%)52800 (14%)
    75-99K5439 (11%)20047 (10%)34505 (9%)
    100-199K11456 (25%)36592 (19%)52666 (14%)
    200K+7549 (16%)17371 (9%)20088 (5%)
    Highest Education LevelNo Diploma345543418106618
    Diploma or GED608778577188020
    Some College57774016698670
    Assoc. Degree19411338429525
    Bachelors Degree2476078765110230
    Higher Degree276706978688103
    Total Housing Units52,334222,734423,650
    --Owner-Occupied16,56784,182168,021
    --Renter-Occupied29,148107,113191,942
    Owner-Occupied Values< 100K4831226759921
    100-199K9151840942488
    200-299K18661788425044
    300-399K34171274214967
    400-499K235373828609
    500K+75341549816993
    Total Working Age Population76,713393,081745,460
    In Work Force54,601252,231447,538
    Not In Work Force22,111140,850297,922
    Workforce Employed52,636233,334406,133
    Workforce Unemployed1,91718,71141,208
    Civlian Workforce54,553252,045447,341
    Military Workforce48186197
    Total Households45,715191,295359,963
    Family Households13,81081,930179,728
    Non-Family Households31,905109,365180,236
    Married Couple11,45048,20583,681
    Other Family2,35933,72596,046
    Married w/Child3,00716,41429,589
    Single Male w/Child2412,9238,140
    Single Female w/Child83912,11938,339

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Camden County508,932+1513,6570511,800+2521,000
    Gloucester County254,673+13288,288+1292,000+5305,800
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Delaware County550,864+1558,979+5588,436+6622,307
    Montgomery County750,097+7799,874+5838,883+6891,868
    Philadelphia County1,517,550+11,526,006+81,653,729+61,753,054

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1206 Chestnut Street in Philadelphia?
    The asking price for 1206 Chestnut Street is $3,999,999
    What is the building size of this Office property in Philadelphia, PA?
    The size of the building/unit at 1206 Chestnut Street in Philadelphia is 13,056 square feet
    How much land does the Philadelphia, PA property at 1206 Chestnut Street include?
    1206 Chestnut Street in Philadelphia includes 0.079 acres of land
    What is the population within 1 mile of 1206 Chestnut Street in Philadelphia?
    The population within 1 mile of 1206 Chestnut Street Philadelphia, PA 19107 is 83,096 people.
    Who do I contact for questions about 1206 Chestnut Street?
    You should contact the listing agent, Roman Melnyk, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Philadelphia International Airport (PHL) 7
    Newark Liberty International Airport (EWR) 73
    John F Kennedy International Airport (JFK) 87