504 Monastery AvePhiladelphia, PA 19128

Property Details for 504 Monastery Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

2,345 SF

Zone code

RSA5

Property type

Retail properties

Property subtype

Auto shops

APN

88-2-9204-15

APU

882920415

Description

This exceptional turn-key automotive repair shop, located at 504 Monastery Ave in Philadelphia, Pennsylvania's Roxborough neighborhood (zip code 19128), presents a unique investment opportunity. The 2,435 square foot building sits on a 4,023 square foot lot and is zoned RSA5. Ideal for an owner-user, this single-story storefront boasts impressive features designed for efficient automotive repair operations. High ceilings (12 feet) provide ample workspace, while a large 10-foot drive-in door ensures easy access for vehicles of all sizes. The property includes five lifts and all necessary automotive repair furniture, fixtures, and equipment (FF&E), making it truly turn-key and ready for immediate operation. The occupancy date is July 10, 2024. This is a rare opportunity to acquire an established and well-equipped automotive repair facility in a desirable Philadelphia location. The property's convenient layout and comprehensive equipment make it an attractive proposition for both seasoned mechanics and new entrepreneurs seeking a seamless entry into the automotive repair market. Don't miss this chance to own a thriving business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $569,917

  6.5%

  $526,077

  7%

  $488,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $772,122

  Geo Method

  $772,122

• Alternative Use

  Use

  Valuation

  Residential

  $443,766

  Hospitality

  $406,487

  Educational

  $338,192

  Medical

  $349,823

  Retail

  $526,077

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0321

Longitude

-75.2127

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].