7509 Oxford AvePhiladelphia, PA 19111

Property Details for 7509 Oxford Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

1,450 SF

Zone code

CMX1

Property type

Auto shops

APN

88-2-9683-05

APU

882968305

Description

This exceptional mixed-use property, located at 7509 Oxford Avenue in Philadelphia, Pennsylvania's Fox Chase neighborhood (zip code 19111), presents a unique investment opportunity. The 1,800 square foot building, constructed in 1960 and extensively renovated in 2018, boasts a thriving auto repair business currently in operation. The shop is fully equipped with two brand-new lifts, ensuring efficient and effective service. Adding to its appeal, a residential apartment occupies the second floor, providing additional income potential or convenient on-site living. The property also includes valuable enclosed side and rear storage lots featuring fixed canopies, offering secure storage for vehicles, tools, and equipment. Situated on a main thoroughfare, this business enjoys high visibility and easy accessibility, contributing to a consistent customer base. The 3,200 square foot lot is zoned CMX-2. This turnkey operation is ideal for both investors seeking a strong return and owner-operators looking to establish or expand their automotive business. The property's combination of a successful business and residential space makes it a truly compelling investment opportunity in a desirable Philadelphia neighborhood. The building consists of one structure with two stories.

• CAP approach

  CAP return

  Valuation

  6%

  $352,401

  6.5%

  $325,293

  7%

  $302,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $477,432

  Geo Method

  $477,432

• Alternative Use

  Use

  Valuation

  Residential

  $274,397

  Hospitality

  $251,346

  Educational

  $209,117

  Medical

  $216,309

  Retail

  $325,293

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.066

Longitude

-75.0835

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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