1622-28 Passyunk Ave Philadelphia, PA 19145
- Specialty properties
- 8,000 SF
Current Use by Public Records
- Specialty properties
Property Details for 1622-28 Passyunk Ave
- Property size
- 8,000 SF
- Property type
- Specialty properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1738
- Latitude
- 39.9245
