Old City — "Hipstoric" District
132 Chestnut street
Philadelphia, PA 19106
Asking Price
$2,249,000
A rare, fully renovated 4-story mixed-use building in the heart of Philadelphia's most walkable, tourist-driven neighborhood.
Walk Score
Walker's Paradise
Unit Breakdown
Three Distinct Income Streams
Ground Floor
Commercial Restaurant Space
945 sq ft of prime ground-floor commercial space currently operating as a full-service restaurant. High ceilings, exposed brick, and direct Chestnut Street frontage.
2nd Floor
Office / Short-Term Rental
Flexible second-floor unit with private entrance. Currently configured for professional office use with easy conversion to a short-term rental for premium nightly rates.
3rd & 4th Floor
Luxury Residential Unit
Stunning duplex penthouse with chef's kitchen, wood-beam ceilings, and private roof deck access. The crown jewel of the building — live-in or premium long-term rental.
Photo Gallery
Inside 132 Chestnut
A fully renovated building where every floor tells a different story.
Ground Floor — Commercial
2nd Floor — Office / STR
3rd & 4th Floor — Kitchen
3rd & 4th Floor — Kitchen Detail
3rd & 4th Floor — Living
Roof Deck — Private Outdoor Space
Investment Opportunity
Three Income Streams. One Address.
132 Chestnut Street is a fully renovated, income-producing asset in one of Philadelphia's most supply-constrained corridors. With a Walk Score of 99, proximity to Independence Hall, and the incoming I-95 CAP park, the fundamentals only strengthen.
Ground Floor Commercial
Long-term NNN lease potential
2nd Floor STR / Office
Premium nightly or monthly rates
3rd–4th Floor Residential
Owner-occupant or market-rate rental
Key Advantages
Fully renovated — no deferred maintenance
CMX zoning — maximum use flexibility
Walk Score 99 — zero car dependency
Steps from Independence Hall & Liberty Bell
Direct proximity to $329M I-95 CAP park
Supply-constrained Old City corridor
Location & Market
99/100
The Most Walkable Block in Philadelphia
Old City is Philadelphia's original neighborhood — home to Independence Hall, the Liberty Bell, and a thriving restaurant and arts scene. 132 Chestnut sits at the epicenter.
Nearby
$329M I-95 Cap Project
Philadelphia's most transformative public investment in a generation — and 132 Chestnut is at the northern edge.
Philadelphia's most transformative public investment in a generation — and 132 Chestnut is at the northern edge.
Total Investment
$329M
New Park Space
11.5 Acres
Construction Timeline
2026–2028
Park Rendering — Aerial View
Park Space
Site Plan
Pedestrian Bridge
Park Features
11.5 acres of new green space capping I-95 between Chestnut and Walnut Streets
Amphitheater, event lawn, and year-round programming
Multimodal pedestrian & bike connections to the Delaware River Trail
Blue Cross RiverRink relocation and expanded waterfront programming
South Street Pedestrian Bridge extension opening 2027
Chestnut Street forms the northern edge — 132 Chestnut is steps from the park entrance
Why This Matters for This Investment
Direct Proximity
Chestnut Street is the northern boundary of the new park. Your building is at the epicenter of the transformation.
Property Value Uplift
Major public park investments consistently drive significant appreciation in adjacent properties — Old City is already supply-constrained.
Foot Traffic & Tourism
An 11.5-acre destination park will dramatically increase pedestrian traffic past the ground-floor commercial space.
STR & Hospitality Demand
Waterfront park access enhances the short-term rental appeal of the upper floors for tourists and visitors.
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Contact
Inquire About This Property
Schedule a private showing or request the full offering memorandum.
Brokers welcome — commission offered to cooperating buyer's agents.
Property
132 Chestnut Street
Philadelphia, PA 19106
$2,249,000
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