For Sale
$1,250,000

1622-28 Passyunk AvePhiladelphia, PA 19145

Prime Philly location, high-income potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • $1,250,000 asking price.
  • 8,000 square foot lot, Special Purpose/Land property.
  • Located at 1622-28 W. Passyunk Avenue, Philadelphia, PA 19145.
  • Includes established auto repair business (since 1981) and long-term gym tenant.
  • Four parcels offer significant redevelopment potential.

Property Details for 1622-28 Passyunk Ave

Property type
Specialty properties, Land
Square Feet
8,000 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.924507
Longitude
-75.173783
1622-28 Passyunk Ave, Philadelphia, Pennsylvania

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1622-28 Passyunk Ave
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