1206 Chestnut Street located In the Midtown Village neighborhood of Center City Philadelphia. The property provides 24 feet of frontage on Chestnut Street, one of the city’s major retail corridors, and runs 146 feet deep. The structure is a four-story concrete and steel commercial building with an elevator located on the ground-floor retail space which services the three levels above. The property was previously The Philadelphia Federal Credit Union (PCU) headquarters which provided PCU a first floor bank branch space with its corporate offices on the three upper floors. In March 2019, PCU moved out, therefore the building is currently vacant. The zoning is CMX-5 which is considered a very valuable zoning because it allows for variety, and provides the potential for the addition of floors.
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