2323-27 Ridge Ave Philadelphia, PA 19121

Property Details for 2323-27 Ridge Ave

Property size

2,649 SF

Property type

Specialty properties

Property subtype

Land

Description

This exceptional opportunity presents a turnkey auto repair business and real estate package in Philadelphia, PA. Located at 2323-27 Ridge Avenue, this thriving establishment, built in 2006, boasts a 42-year history and a stellar reputation for high-quality service. The sale includes a 2,649 square foot CMX2 zoned building featuring six bays with 10' x 12' doors and above-ground lifts, plus an additional detached bay with a lift. Three 20' shipping containers provide ample secure storage. A large, air-conditioned 24' x 25' office with a powder room is also included. The business operates with six skilled mechanics, all eager to continue their employment. A substantial and loyal customer base includes long-term neighborhood clients, referrals, and established commercial accounts with prestigious institutions like Temple University and the University of Pennsylvania Police. Equipment and inventory are included (detailed list available). Potential for increased income exists with pending state approvals for ignition interlock systems and PA auto tag services. A 24-hour video surveillance system enhances security. The 3,798 square foot lot is situated in a revitalizing neighborhood with ongoing multi-family and single-family home construction, promising continued growth. The CMX2 zoning allows for potential redevelopment, making this a highly lucrative investment opportunity. The asking price is $1,600,000. Further details on zoning are available through the Philadelphia Zoning Code.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Longitude

-75.1731

Latitude

39.9814