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108 Chestnut St
Old City

$1,650,000

$19,834 tax
8,000sqft

Philadelphia school district

Zipcode 19106

MLS# 5378964

For more information or to see this property contact the Philly Living team at (267) 238-1085

C3 4-story historical building in the heart of Old City. First floor & basement rent is $5500, triple net, 3% rent increasement each year, 5-year plus one 5-year option. The restaurant tenant is a well-known Asian Fusion chef/restaurant operator. New restaurant will be open at the end of September. 3 open space loft apartments rent is $4700 per month. 2nd floor tenant is in the process of being evicted. Sprinkler system, fire alarm are wired for the whole building. All the utility meters are separate. Restaurant space is under renovation. For the 1st time showing, restaurant space and the 4th floor can be shown. 3rd floor appointment will be only arranged for a 2nd time viewer. 2nd floor will not be shown. The seller will deliver the 2nd floor in the mint condition the same as 3rd and 4th floor by the time of settlement.

Listed by RE/MAX Home Experts.