For Sale
$1,600,000

2323-27 Ridge AvePhiladelphia, PA 19121

Turnkey Auto Shop, Established Business

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional opportunity presents a turnkey auto repair business and real estate package in Philadelphia, PA. Located at 2323-27 Ridge Avenue, this thriving establishment, built in 2006, boasts a 42-year history and a stellar reputation for high-quality service. The sale includes a 2,649 square foot CMX2 zoned building featuring six bays with 10' x 12' doors and above-ground lifts, plus an additional detached bay with a lift. Three 20' shipping containers provide ample secure storage. A large, air-conditioned 24' x 25' office with a powder room is also included. The business operates with six skilled mechanics, all eager to continue their employment. A substantial and loyal customer base includes long-term neighborhood clients, referrals, and established commercial accounts with prestigious institutions like Temple University and the University of Pennsylvania Police. Equipment and inventory are included (detailed list available). Potential for increased income exists with pending state approvals for ignition interlock systems and PA auto tag services. A 24-hour video surveillance system enhances security. The 3,798 square foot lot is situated in a revitalizing neighborhood with ongoing multi-family and single-family home construction, promising continued growth. The CMX2 zoning allows for potential redevelopment, making this a highly lucrative investment opportunity. The asking price is $1,600,000. Further details on zoning are available through the Philadelphia Zoning Code.

Highlights

  • $1,600,000 asking price for a turn-key auto repair business and property.
  • 2,649 square foot building on a 3,798 square foot lot in Philadelphia, PA.
  • Established auto repair business operating since 1982, including equipment and accounts.
  • Six repair bays with 10' x 12' doors and above-ground lifts, plus a detached bay and three 20' shipping containers.
  • Includes a 24' x 25' air-conditioned office with powder room and six skilled mechanics.

Property Details for 2323-27 Ridge Ave

Property type
Specialty properties, Land
Square Feet
2,649 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.981387
Longitude
-75.173146
2323-27 Ridge Ave, Philadelphia, Pennsylvania

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2323-27 Ridge Ave
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