1. Pennsylvania
  2. Philadelphia
  3. 5532-40-40 CHESTNUT ST
$1,399,999

5532-40-40 CHESTNUT ST, Philadelphia, PA 19139

  • Property Icon unknown
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Prime Development Opportunity in Qualified Opportunity Zone – 12,980 SF Double Lot with CMX2 Zoning, parcels include 5532-5540 Chestnut St. Located in a thriving commercial corridor just west of University City, this remarkable 12,980 sq. ft. double property offers unmatched potential for investors or developers. The lots sit in a Qualified Opportunity Zone and is zoned CMX2, allowing for a wide range of commercial and residential uses. The existing structure currently houses a successful auto and tag shop, featuring: Two separate offices with private entrances, a spacious auto service bay that accommodates eight cars, a secure rear lot with room for eight additional vehicles, three half bathrooms and an attached 22-space parking lot supporting business operations Strategically located near Penn and Drexel Universities, this site sits at the forefront of University City’s westward expansion. It’s highly accessible via public transportation, including the SEPTA Market-Frankford Line, and offers easy pull-in access from Chestnut Street. Surrounded by high-traffic national retailers such as Wendy’s, Rite Aid, Fresh Grocer, and Dunkin’ Donuts, all within a two-block radius, this site benefits from strong daily foot and vehicle traffic.Whether you're seeking a long-term investment, income-producing asset, or a major redevelopment opportunity, this rare parcel delivers on location, flexibility, and future upside in one of Philadelphia’s most vibrant and evolving neighborhoods. All showings must be made with listing agent. No showings during business hours.

Listing Status:
Active
Date Added:
August 6, 2025 at 05:00AM
Listing Office:
Coldwell Banker Realty : 2159237600
Listing Agent:
Keith M Stallone : 2676068502
MLS ID:
PAPH2524342
  • A/C: Central A/CWindow Unit(s)
  • Heating: Forced AirNatural Gas
  • Disability Feature: 2+ Access ExitsNo StairsLevel Entry - MainDoors - Recede>84" Garage Door

This listing courtesy of Keith M Stallone, Coldwell Banker Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

A

Andrew Hamilton School

5640 Spruce St, Philadelphia, PA, 19139

Grades KG-8

0.30 miles away

A

Andrew Hamilton School

5640 Spruce St, Philadelphia, PA, 19139

Grades KG-8

0.30 miles away

W

William L. Sayre High School

5800 Walnut St, Philadelphia, PA, 19139

Grades 9-12

0.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

2625 W WILLARD ST, Philadelphia, PA 19129
unknown For Sale

$1,399,980

  • 0.49 acre lot
2625 W WILLARD ST Philadelphia, PA 19129

#PAPH2426970 - Mike Dunphy Sells Real Estate Inc.