Features & Amenities

Interior

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Commercial Sale

Exterior

  • Garage

    No

Financial

  • Sales Price

    $1,690,000

  • Tax Amount

    11405.0

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Location

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PHILADELPHIA

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Listing Courtesy of Jacob K. Cooper , Michael Salove Company

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TheresaKehler

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On behalf of ownership, Michael Salove Company extends to qualified investors the opportunity to acquire 1021 Chestnut Street, Philadelphia, PA 19107. Designed by Sydney Martin, the Property was built in 1952 to house the collection of the Mercantile Library, a branch of the Free Library of Philadelphia.  The existing building is an outstanding example of midcentury modern architecture, and its design received immediate critical acclaim from the architectural community, including the gold medal from the Philadelphia chapter of the American Institute of Architects in 1954. In 1990, the Property became the first midcentury modern building to be included on the Philadelphia Register of Historic Places.  The Property is in shell condition and in need of complete renovation. Ownership can provide a zoning approval for a two-tenant scenario within the existing structure. Ownership can provide a clean Phase 1 environmental report. The construction style is cast-in-place concrete.  The Property is located within the Washington Square West neighborhood of Philadelphia, immediately adjacent to Jefferson Hospital. The Property is also proximate to numerous large format developments, including Girard Square, the Gallery at Market East, the Pennsylvania Convention Center, the Reading Terminal Market and the proposed Market8 casino.  PROPERTY SOLD IN AS-IS CONDITION.

1021 CHESTNUT STREET

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