1622-28 Passyunk Ave Philadelphia, PA 19145
This exceptional Philadelphia commercial property, located at 1622-28 W. Passyunk Avenue, presents a unique investment opportunity. Priced at $1,250,000, this 8,000 square foot property encompasses four parcels and offers significant development potential. Currently operating as a successful auto repair and transmission shop since 1981, the business boasts a loyal customer base and consistent revenue. The shop features two large bay doors and street-to-street access, providing excellent operational efficiency. Adding to the income stream, a gym occupies the second floor, having been a long-term tenant for over 30 years, ensuring stable rental income. The sale includes the real estate, the established business, all equipment, and goodwill. The large lot size and prime location in Philadelphia County, PA (zip code 19145) provide ample opportunities for expansion, redevelopment into mixed-use, retail, or additional commercial space. This is a rare chance to acquire a profitable, established business with substantial growth potential in a thriving Philadelphia neighborhood. The property's strategic location and diverse income streams make it an attractive investment for both seasoned and emerging commercial investors.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.