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5532-40 Chestnut Street

PHILADELPHIA, PA 19139
  • $3,999,000
  • STATUS: Active
  • ON SITE: 70 Days
  • ID#: PAPH2092700
UPDATED: 36 min ago
$3,999,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

This remarkable 12,980 sq. ft double property is located in a Qualified Opportunity Zone, and the CMX2 zoning permits a wide variety of uses. The price per sq. ft for the entire lot is 308. It is in close proximity to the Septa Market-Frankford Line, Penn, and Drexel. As an investment, this property benefits from the strong growth market emanating from University City. It is on the correct side of the street for easy pull-in, permitting access from Chestnut Street. The current auto and tag shops are active and successful. There are two offices; one manages auto tags and title transfers, and the other is the business office for the auto repair shop. There are three half bathrooms, one off of the auto repair office and two off of the main service area. The shop can easily hold eight cars, with a secure back lot that can store eight more. The attached 22 space parking lot supports the business. The seller paid for Phase I and II environmental reports when he was the buyer in 2007. The property passed, but he cannot locate that documentation now. Potential buyers will be responsible for their own inspections and reports.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Mackintosh Realty Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-20T21:52:01.953.
www.sunrisehomesalesteam.com/homes/126587993
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5532-40 Chestnut Street PHILADELPHIA, PA 19139

  • Price: $3,999,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 36 min ago
  • ID#: PAPH2092700
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1960
Built
Neighborhood:
19139 (19139)
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property Description
This remarkable 12,980 sq. ft double property is located in a Qualified Opportunity Zone, and the CMX2 zoning permits a wide variety of uses. The price per sq. ft for the entire lot is 308. It is in close proximity to the Septa Market-Frankford Line, Penn, and Drexel. As an investment, this property benefits from the strong growth market emanating from University City. It is on the correct side of the street for easy pull-in, permitting access from Chestnut Street. The current auto and tag shops are active and successful. There are two offices; one manages auto tags and title transfers, and the other is the business office for the auto repair shop. There are three half bathrooms, one off of the auto repair office and two off of the main service area. The shop can easily hold eight cars, with a secure back lot that can store eight more. The attached 22 space parking lot supports the business. The seller paid for Phase I and II environmental reports when he was the buyer in 2007. The property passed, but he cannot locate that documentation now. Potential buyers will be responsible for their own inspections and reports.
Exterior Features

Construction Materials Masonry Garage YN No Parking Features FencedPaved ParkingPrivateSecurity/Monitored Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4000.00 Cooling Central A/C Heating 90% Forced Air Heating YN Yes Inclusions Vehicle Lifts. Buyer Also Willing To include Other Business Equipment With Negotiation. Net Square Feet 12980.00

Property Features

Acceptable Financing Cash Accessibility Features None Assessment Year 2022 Business Type Auto Related Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Heating Fuel Natural Gas Historic YN No Hot Water Electric Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801394389322 Ownership Interest Fee Simple Possession Settlement Property Sub Type Land For Commercial Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 2530.00 Tax Assessment Amount 246500.00 Tax Lot 230 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Elizabeth Campion.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Mackintosh Realty Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-20T21:52:01.953.
 
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Frederick MD, 21701