6200 5Th StPhiladelphia, PA 19120

Property Details for 6200 5Th St

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

1,561 SF

Zone code

CA1

Property type

Retail properties

Property subtype

Other automotive properties

APN

88-2-9280-25

APU

882928025

Description

This exceptional opportunity presents a well-established auto repair and used car sales business in Philadelphia, Pennsylvania. Located at the high-traffic intersection of 5th Street and Godfrey Avenue, this business has thrived for over 40 years, cultivating a loyal customer base and generating consistent revenue. The property includes a 1,561 square foot building constructed in 1960, situated on a 0.257-acre lot. The building features three service bays, a dedicated office space, and two bathrooms, providing ample space for operations. The business offers a comprehensive range of services, including full-service auto repair, used car sales, financing options, auto tags, insurance, and warranties, creating a one-stop shop for customers. The CA1 zoning permits a variety of uses, presenting potential for redevelopment into a drive-thru or other high-demand businesses. The substantial outdoor storage area in the rear lot adds to the property's versatility. This turn-key operation is ideal for an investor seeking a profitable, established business or a developer looking to capitalize on the prime location and zoning flexibility. The property's long history of success and its strategic location make it a compelling investment opportunity with significant upside potential. Further exploration of local zoning codes may reveal additional redevelopment possibilities. This is a rare chance to acquire a profitable, established business with a strong track record and significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $379,378

  6.5%

  $350,195

  7%

  $325,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $513,980

  Geo Method

  $513,980

• Alternative Use

  Use

  Valuation

  Residential

  $295,402

  Hospitality

  $270,587

  Educational

  $225,125

  Medical

  $232,868

  Retail

  $350,195

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0459

Longitude

-75.1288

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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