5532-40 Chestnut Street

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!