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2323 Ridge Avenue,  Philadelphia PA, 19121

(Active)
$1,795,000
|
2,649 sqft
|
MLS# PAPH2333276
Last Updated: 4/27/2024 7:03 PM
Description for 2323 Ridge Avenue Philadelphia, PA 19121
Real Estate with Operating Business & Equipment. Established in 1982, this thriving "Highly Profitable" auto repair center has built a stellar reputation for its top-notch service and welcoming atmosphere. Boasting remarkably high traffic counts on both Ridge Ave, 23rd and 24th Streets. Included in this sale is a CMX2 zoned building featuring 6 bays with 10' X 12' doors all with above ground lifts, along with an additional detached bay with another above ground lift, offering ample ceiling height. Plus 3 20' shipping containers for secure storage. There is a large air conditioned 24' X 25' office with powder room. The business is supported by a team of 6 skilled mechanics, all eager to continue their tenure. Ideal for both aspiring entrepreneurs and existing auto shop owners who seek to add an additional location. This opportunity promises an effortless expansion or a seamless transition into owning a thriving auto repair business. The establishment enjoys a loyal clientele base, including many long-term neighborhood customers and referrals from other repair shops, particularly for intricate tasks like 4-wheel alignment and more. Furthermore, the business benefits from many established commercial accounts with prestigious institutions such as Temple University and University of Pennsylvania Police plus many others (see attached list) ensuring a steady flow of business. Equipment and inventory are included, as listed in the attached document.Anticipated additional income upon receiving final approval from the State of Pennsylvania for the installation of ignition breathalyzer interlock systems and operating a PA auto tag location. Safety is paramount, with 24-hour video surveillance system covering the property, included in the sale. Situated in the northeast end of Brewerytown Sharswood, known as the Historic Philly's Jazz area, the neighborhood has been experiencing ongoing revitalization, coupled with the construction of many new multi-family apartment buildings as well as many new single family homes, promising a continuous influx of vehicles in need of maintenance and repair plus an upside to property values. With its CMX2 zoning, the property holds potential for redevelopment, making it a lucrative investment opportunity. For more details, refer to the Philadelphia Zoning Code. Building was newly constructed in 2006.
Price
$1,795,000
PHILADELPHIA
2,649 (approx)
PAPH2333276
Active
Description
Real Estate with Operating Business & Equipment. Established in 1982, this thriving "Highly Profitable" auto repair center has built a stellar reputation for its top-notch service and welcoming atmosphere. Boasting remarkably high traffic counts on both Ridge Ave, 23rd and 24th Streets. Included in this sale is a CMX2 zoned building featuring 6 bays with 10' X 12' doors all with above ground lifts, along with an additional detached bay with another above ground lift, offering ample ceiling height. Plus 3 20' shipping containers for secure storage. There is a large air conditioned 24' X 25' office with powder room. The business is supported by a team of 6 skilled mechanics, all eager to continue their tenure. Ideal for both aspiring entrepreneurs and existing auto shop owners who seek to add an additional location. This opportunity promises an effortless expansion or a seamless transition into owning a thriving auto repair business. The establishment enjoys a loyal clientele base, including many long-term neighborhood customers and referrals from other repair shops, particularly for intricate tasks like 4-wheel alignment and more. Furthermore, the business benefits from many established commercial accounts with prestigious institutions such as Temple University and University of Pennsylvania Police plus many others (see attached list) ensuring a steady flow of business. Equipment and inventory are included, as listed in the attached document.Anticipated additional income upon receiving final approval from the State of Pennsylvania for the installation of ignition breathalyzer interlock systems and operating a PA auto tag location. Safety is paramount, with 24-hour video surveillance system covering the property, included in the sale. Situated in the northeast end of Brewerytown Sharswood, known as the Historic Philly's Jazz area, the neighborhood has been experiencing ongoing revitalization, coupled with the construction of many new multi-family apartment buildings as well as many new single family homes, promising a continuous influx of vehicles in need of maintenance and repair plus an upside to property values. With its CMX2 zoning, the property holds potential for redevelopment, making it a lucrative investment opportunity. For more details, refer to the Philadelphia Zoning Code. Building was newly constructed in 2006.
Listing Information
Property Type: Business Opportunities, Other
0.09 Acres 2,649 (approx) 2006
Public
Public Sewer
Neighborhood
Room Information
Interior Features
Electric Water Heater
Central Air
Electric Heating
Exterior / Lot Features
15 Parking Spaces,
51.00 x 70.00
Driving Directions
Please follow GPS
Financial Considerations
882968445
$3,145
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19121 has a population of 1,615,184.

The median household income in Philadelphia, Pennsylvania 19121 is $33,974. The median household income for the surrounding county is $50,724 compared to the national median of $66,222. The median age of people living in Philadelphia 19121 is 37 years.

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Courtesy: Coldwell Banker Hearthside Realtors
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 4/27/2024 7:03 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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