5900 Ogontz AvePhiladelphia, PA 19141

Property Details for 5900 Ogontz Ave

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

1,890 SF

Zone code

CMX2

Property type

Retail properties

Property subtype

Auto shops

APN

88-2-0083-70

APU

882008370

Description

Exceptional investment opportunity: a 1,920 square foot, fully occupied (100%) car wash and garage located at 5900 Ogontz Ave, Philadelphia, PA 19141. This single-story, 1925-built property sits on a substantial 10,416 square foot lot zoned CMX2, offering significant potential. The asking price is $648,990, translating to $338.02 per square foot and $648,990 per unit. The building features three bays, an office, waiting room, storage room, air pump, bathroom, and central air conditioning. Eleven-foot ceilings accommodate two permanently mounted lifts, with a third potentially negotiable. Existing shelving and equipment are included. The property boasts ample parking and a prime location in Philadelphia, benefiting from high resident density and a strong existing clientele. The current owner, with 47 years of established business and referrals, will transfer their client base to the new owner. While ideal for continued operation as a car wash and repair facility, the large lot size and zoning permit alternative uses, subject to necessary approvals. This is a rare chance to acquire a well-maintained, income-generating property with a rich history and substantial upside. Underground storage tanks have been properly remediated with all necessary documentation.

• CAP approach

  CAP return

  Valuation

  6%

  $459,336

  6.5%

  $424,002

  7%

  $393,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $622,307

  Geo Method

  $622,307

• Alternative Use

  Use

  Valuation

  Residential

  $357,662

  Hospitality

  $327,616

  Educational

  $272,573

  Medical

  $281,947

  Retail

  $424,002

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0439

Longitude

-75.1501

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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