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Property profile & analytics
OFF-MARKET Estimated value $765,000
Auto shops

621 Reed St 25 Philadelphia, PA 19147-5848

13,560 SF 0.1 ac lot Built 1915
Entity Owned 7-yr Hold Free & Clear
Property ID
US73-2593643
Property summary
AI-generated overview

This exceptional 3,326-square-foot flex space at 621 Reed Street in Philadelphia's vibrant Passyunk Square submarket presents a unique opportunity for businesses seeking a versatile and strategically located property. The single-tenant building boasts a 12-foot ceiling height, providing ample vertical space for various uses. With 40 feet of frontage on Reed Street and convenient access to S 6th St, the property offers excellent visibility and accessibility. The building features one drive-in door, enhancing operational efficiency. The CMX-2 zoning allows for a range of commercial and mixed-use possibilities. Situated in Philadelphia County, Pennsylvania, this property benefits from its proximity to major transportation arteries, including a short drive to I-95. The building's single-story design and efficient layout maximize usable space, making it an attractive option for a variety of businesses. This prime location within the thriving Passyunk Square neighborhood offers excellent access to a diverse customer base and a vibrant community atmosphere. The property is ready for immediate occupancy, providing a seamless transition for your business. Don't miss this chance to secure a highly desirable commercial space in a sought-after Philadelphia location.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1915
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,560 SF
Lot 0.1 ac (4,520 SF)
Zoning code CMX2
APN 88-2-9664-00
UPID US73-2593643
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Phillie's 24h Towing Auto Repair Shop
  • Matt Stanley Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$678k
Blend (final) Blend
$765k
Owner & transaction history
621 Partners LLC · 7 yrs held
621 Partners LLC
since 2019
1 recorded transaction
2019
$945,000
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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