4817 23 Chester Avenue, Philadelphia, PA 19143

Property Description

Prime Corner Opportunity with Development Potential – Kingsessing Exceptional opportunity to acquire a highly visible corner property in one of West Philadelphia’s most active and steadily growing corridors. The existing building offers approximately 6,410 square feet and is currently configured as four commercial units, providing flexibility for immediate income, repositioning, or conversion. The layout also allows for potential consolidation into a larger single-user footprint if desired. This is where the opportunity truly stands out—zoning supports increased density, and based on the size and configuration, the site offers the potential for approximately 15–20 residential units (buyer to perform their own due diligence and verify zoning/use). The property lends itself to multiple strategies, including adding residential units above the existing structure to create a mixed-use asset, or pursuing a full-scale redevelopment into a larger apartment building with ground-floor commercial. A standout feature is the curb cut along 49th Street, providing on-site parking for approximately eight vehicles, with the potential to expand or reconfigure depending on the final design—an increasingly rare advantage for properties of this scale. Positioned directly along Chester Avenue, the property is catty-corner from SEPTA Regional Rail and situated on a trolley line, offering seamless access to University City, Center City, and beyond. Just minutes from UPenn, Drexel University, and within close proximity to Clark Park and the Baltimore Avenue corridor, known for its vibrant dining, retail, and neighborhood appeal. Surrounded by ongoing development and strong demand, this is a rare chance to secure a corner asset with scale, flexibility, and multiple value-add strategies in a highly desirable West Philadelphia location. Stabilize, reposition, expand, or redevelop—opportunities like this are increasingly limited.

Property Features

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