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1622-1628 W Passyunk Ave 7,256 SF 100% Leased Retail Building Philadelphia, PA 19145 $995,000 ($137.13/SF)
INVESTMENT HIGHLIGHTS
- Corner lot location on Passyunk Ave.
- Two access points to the property making it very accessible.
- Signalized location directly on the Passyunk Ave.
EXECUTIVE SUMMARY
Prime commercial property for sale, featuring an auto repair and transmission shop in business since 1981. Located on a large lot with street-to-street access and two large bay doors, this facility is fully equipped and generates consistent revenue from a loyal customer base. The second floor houses a gym that has been a tenant for over 30 years, providing stable rental income. The property includes four parcels, offering significant development potential for mixed-use, retail, or additional commercial space. This sale includes real estate, business, equipment, and goodwill.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,256 SF
Building Class
C
Year Built
1920
Price
$995,000
Price Per SF
$137.13
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C2 - zoning allows for a variety of commercial uses like retail stores, restaurants, offices, and hotels.
Parking
10 Spaces (1.38 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 882969940 | Improvements Assessment | $422,800 |
| Land Assessment | $105,700 | Total Assessment | $528,500 |
PROPERTY TAXES
Parcel Number
882969940
Land Assessment
$105,700
Improvements Assessment
$422,800
Total Assessment
$528,500
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1622-1628 W Passyunk Ave
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