48 Ridge RdPhoenixville, PA 19460

Property Details for 48 Ridge Rd

Year built

1978

Lot size

2.10 AC

Property size (Sq ft)

3,480 SF

Zone code

C

Property type

Retail properties

Property subtype

Auto shops

APN

2603 00230000

APU

260300230000

Description

This unique property offers a 2,694 sq ft custom cape cod home with a main floor master suite, eat-in kitchen, and multiple living areas. The 2.1-acre lot features a large Trex deck, above-ground pool, and mature landscaping. An established auto repair business, operating since 1978, includes a 3,480 sq ft building, a newer 1,125 sq ft pole barn with an oversized door, eight bays, and ample parking. The business is an official state inspection and emissions shop and includes a 400+ client list, profit & loss statements, and a detailed inventory of included equipment and upgrades. The lower level of the home offers additional finished space, and there's unfinished storage. This combined residential and commercial opportunity is situated on Route 23, across from a new elementary school, providing excellent visibility and accessibility. The sale includes the home, garages, land, and the established business. The seller will provide a comprehensive list of business assets and financial records upon verification of buyer's financial capability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,411,573

  6.5%

  $1,302,991

  7%

  $1,209,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,203,107

  Geo Method

  $1,145,836

• Alternative Use

  Use

  Valuation

  Residential

  $1,099,121

  Hospitality

  $1,006,789

  Educational

  $837,637

  Medical

  $866,444

  Retail

  $1,302,991

Location Insight

City

Phoenixville

County

Chester

State

Pennsylvania

Latitude

40.148

Longitude

-75.5546

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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