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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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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