$ 1,600,000
2323-27 RIDGE AVE Philadelphia, PA 19121
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 1,600,000
Est. payment /mo
Active
2323-27 RIDGE AVE Philadelphia, PA 19121
2,649 SqFt
UPDATED:
10/05/2024 03:39 PM
Key Details
Property Type Commercial
Sub Type Services
Listing Status Active
Purchase Type For Sale
Square Footage 2,649 sqft
Price per Sqft $604
MLS Listing ID PAPH2333276
Originating Board BRIGHT
Year Built 2006
Annual Tax Amount $3,145
Tax Year 2024
Lot Size 3,798 Sqft
Acres 0.09
Lot Dimensions 51.00 x 70.00
Property Description
Make An Offer!!! Real Estate with Operating Business & Equipment. Established in 1982, this thriving "Highly Profitable" auto repair center has built a stellar reputation for its top-notch service and welcoming atmosphere. Boasting remarkably high traffic counts on both Ridge Ave, 23rd and 24th Streets.
Included in this sale is a CMX2 zoned building featuring 6 bays with 10' X 12' doors all with above ground lifts, along with an additional detached bay with another above ground lift, offering ample ceiling height. Plus 3 20' shipping containers for secure storage. There is a large air conditioned 24' X 25' office with powder room. The business is supported by a team of 6 skilled mechanics, all eager to continue their tenure.
Ideal for both aspiring entrepreneurs and existing auto shop owners who seek to add an additional location. This opportunity promises an effortless expansion or a seamless transition into owning a thriving auto repair business. The establishment enjoys a loyal clientele base, including many long-term neighborhood customers and referrals from other repair shops, particularly for intricate tasks like 4-wheel alignment and more.
Furthermore, the business benefits from many established commercial accounts with prestigious institutions such as Temple University and University of Pennsylvania Police plus many others (see attached list) ensuring a steady flow of business. Equipment and inventory are included, as listed in the attached document.
Anticipated additional income upon receiving final approval from the State of Pennsylvania for the installation of ignition breathalyzer interlock systems and operating a PA auto tag location.
Safety is paramount, with 24-hour video surveillance system covering the property, included in the sale. Situated in the northeast end of Brewerytown Sharswood, known as the Historic Philly's Jazz area, the neighborhood has been experiencing ongoing revitalization, coupled with the construction of many new multi-family apartment buildings as well as many new single family homes, promising a continuous influx of vehicles in need of maintenance and repair plus an upside to property values.
With its CMX2 zoning, the property holds potential for redevelopment, making it a lucrative investment opportunity. For more details, refer to the Philadelphia Zoning Code. Building was newly constructed in 2006.
Included in this sale is a CMX2 zoned building featuring 6 bays with 10' X 12' doors all with above ground lifts, along with an additional detached bay with another above ground lift, offering ample ceiling height. Plus 3 20' shipping containers for secure storage. There is a large air conditioned 24' X 25' office with powder room. The business is supported by a team of 6 skilled mechanics, all eager to continue their tenure.
Ideal for both aspiring entrepreneurs and existing auto shop owners who seek to add an additional location. This opportunity promises an effortless expansion or a seamless transition into owning a thriving auto repair business. The establishment enjoys a loyal clientele base, including many long-term neighborhood customers and referrals from other repair shops, particularly for intricate tasks like 4-wheel alignment and more.
Furthermore, the business benefits from many established commercial accounts with prestigious institutions such as Temple University and University of Pennsylvania Police plus many others (see attached list) ensuring a steady flow of business. Equipment and inventory are included, as listed in the attached document.
Anticipated additional income upon receiving final approval from the State of Pennsylvania for the installation of ignition breathalyzer interlock systems and operating a PA auto tag location.
Safety is paramount, with 24-hour video surveillance system covering the property, included in the sale. Situated in the northeast end of Brewerytown Sharswood, known as the Historic Philly's Jazz area, the neighborhood has been experiencing ongoing revitalization, coupled with the construction of many new multi-family apartment buildings as well as many new single family homes, promising a continuous influx of vehicles in need of maintenance and repair plus an upside to property values.
With its CMX2 zoning, the property holds potential for redevelopment, making it a lucrative investment opportunity. For more details, refer to the Philadelphia Zoning Code. Building was newly constructed in 2006.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX2
Interior
Hot Water Electric
Heating Other
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 15.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 15
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882968445
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Listed by Lydia Vessels • Coldwell Banker Hearthside Realtors
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