5532-40-40 Chestnut St, PHILADELPHIA, PA

$1,399,999

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12,980

Square feet

0.30

Acres

About 5532-40-40 Chestnut St

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.

Features of 5532-40-40 Chestnut St

MLS® # PAPH2524342
Price $1,399,999
Bathrooms 0.00
Square Footage 12,980
Acres 0.30
Year Built 1900
Type Commercial Sale
Sub-Type Land for Commercial Use
Status Active

Community Information

Address 5532-40-40 Chestnut St
Area 19139
Subdivision WEST PHILADELPHIA
City PHILADELPHIA
County PHILADELPHIA-PA
State PA
Municipality PHILADELPHIA
Zip Code 19139

Amenities

Parking Paved Parking, Fenced, Private, Lighted Parking
Is Waterfront No

Interior

Heating Forced Air
Cooling Central A/C, Window Unit(s)
Has Basement No
Fireplace No
# of Stories 1

Exterior

Exterior Block
Roof Flat

School Information

District PHILADELPHIA CITY

Additional Information

Date Listed August 6th, 2025
Days on Market 73
Zoning CMX2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty
Contact Info(215) 923-7600

Listing Map

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