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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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].
Learn more
Useful Information
Request information
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.