Skip To Content

5532-40 Chestnut Street

PHILADELPHIA, PA 19139
  • $3,500,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: PAPH2179626
UPDATED: 52 min ago
$3,500,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Location, location, location! Property addresses are 5532-34 and 5536-40 Chestnut St. With 118 feet of frontage on Chestnut Street, Cee Johnson+GGs Auto Service is in the epicenter of one of West Philadelphia+GGs most vibrant, burgeoning growth markets. The current business is a thriving auto repair and tag shop and acquisition of the business may be included in the sale. Boasting 12,980 sq. ft, this double property is prime for redevelopment and ideal for multi-unit housing, retail, office, restaurant, or medical space. Nearby chains include Wendy+GGs, Rite Aid, the Fresh Grocer, and Dunkin+GG Donuts in this booming, high traffic area of the city. The existing building has two separate entrances, one for the tag and insurance office and one for the auto repair office, which has one half bathroom. Both offices lead into the main auto service area, which has two additional half baths. The main service area has four vehicle lifts and can easily hold eight cars. Behind the building, there is a secure, walled off back lot that can hold eight more. Adjacent to the building, you+GGll find a 22 space parking lot and gated driveway that also supports the business. Vehicle lifts, FFE, and the book of business are included in acquisition. No showings are permitted during business hours, so please contact the agent directly to arrange an agreeable time to view. The owner kindly asks that any potential sale not be discussed with employees or customers as to not disrupt current business. Chestnut Street runs eastbound as a straight shot to Center City by car or via Septa+GGs 21 Bus Route. The Market Frankford Line+GGs 56th St. Station is only a block away and offers convenient travel to 30th St. Station, UPenn, Drexel, and Philadelphia International Airport. The accessibility of Chestnut Street rivals that of Market, but with far more residential appeal. This location is a Qualified Opportunity Zone and gives the future owner the chance to defer and potentially reduce capital gains taxes. Do not miss out on this rare investment and development opportunity!

Monthly Payment Calculator



©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 ExecuHome Realty. 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: 2022-12-09T19:52:17.457.
www.execuhome.com/homes/134809901
Print Image

5532-40 Chestnut Street PHILADELPHIA, PA 19139

  • Price: $3,500,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 52 min ago
  • ID#: PAPH2179626
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1925
Built
Neighborhood:
19139 (19139)
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property Description
Location, location, location! Property addresses are 5532-34 and 5536-40 Chestnut St. With 118 feet of frontage on Chestnut Street, Cee Johnson+GGs Auto Service is in the epicenter of one of West Philadelphia+GGs most vibrant, burgeoning growth markets. The current business is a thriving auto repair and tag shop and acquisition of the business may be included in the sale. Boasting 12,980 sq. ft, this double property is prime for redevelopment and ideal for multi-unit housing, retail, office, restaurant, or medical space. Nearby chains include Wendy+GGs, Rite Aid, the Fresh Grocer, and Dunkin+GG Donuts in this booming, high traffic area of the city. The existing building has two separate entrances, one for the tag and insurance office and one for the auto repair office, which has one half bathroom. Both offices lead into the main auto service area, which has two additional half baths. The main service area has four vehicle lifts and can easily hold eight cars. Behind the building, there is a secure, walled off back lot that can hold eight more. Adjacent to the building, you+GGll find a 22 space parking lot and gated driveway that also supports the business. Vehicle lifts, FFE, and the book of business are included in acquisition. No showings are permitted during business hours, so please contact the agent directly to arrange an agreeable time to view. The owner kindly asks that any potential sale not be discussed with employees or customers as to not disrupt current business. Chestnut Street runs eastbound as a straight shot to Center City by car or via Septa+GGs 21 Bus Route. The Market Frankford Line+GGs 56th St. Station is only a block away and offers convenient travel to 30th St. Station, UPenn, Drexel, and Philadelphia International Airport. The accessibility of Chestnut Street rivals that of Market, but with far more residential appeal. This location is a Qualified Opportunity Zone and gives the future owner the chance to defer and potentially reduce capital gains taxes. Do not miss out on this rare investment and development opportunity!
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 3540.00 Cooling Central A/C Exclusions Personal PropertyPersonal Computers Heating 90% Forced Air Heating YN Yes Inclusions Auto RepairTagAnd insurance Business includedif Desired. FfeIncluding Four Vehicle Lifts. Net Square Feet 12980.00

Property Features

Accessibility Features None Assessment Year 2023 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 Yes Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 802013254642 Ownership Interest Fee Simple Possession Settlement Property Sub Type Industrial Sale Type Standard Sewer Public Sewer Tax Annual Amount 4025.00 Tax Assessment Amount 287600.00 Tax Lot 230 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Keller Williams Realty Wilmington: .


©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 ExecuHome Realty. 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: 2022-12-09T19:52:17.457.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802013254642-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802013254642-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802013254642-2.jpg
Logo
ExecuHome Realty
9512 Harford Road, Suite 7
Parkville MD, 21234