245 24th St, Richmond, PA 16503-1930

~ CM-5 Commercial Mixed-Use zoning within T5 Core-Open high-density district

~ Rare grandfathered heated downdraft paint booth (irreplaceable under current regulations)

~ Approx. 5,009 SF lot | ~4,000–4,500 SF building

~ Property delivered vacant of business operations with infrastructure in place

~ Built-in systems (paint booth, ventilation, utilities) provide immediate operational capability

~ Flexible configuration: retain, repurpose, or remove improvements based on buyer’s use

~ Dual access via 24th Street and Exchange Blvd for efficient vehicle flow

~ Three-phase power, gas, and water utilities in place

~ Located within established automotive service corridor with strong visibilityThis property offers a compelling urban infill opportunity combining immediate functionality with long-term redevelopment upside.

The existing improvements include a purpose-built auto body facility designed for efficient multi-stage workflow, supporting immediate occupancy or lease-up for an automotive operator. The presence of the grandfathered paint booth and supporting systems creates a significant barrier to entry and enhances the property’s utility for specialized users.

From a development standpoint, the site is positioned within Richmond’s CM-5 / T5 Core zoning, which supports higher-density mixed-use projects. Based on feasibility analysis, the property may support:

~ Entry-level development scenarios of approximately 4–6 residential units

~ Higher-density mixed-use development potential (up to ~40 units per acre) depending on design, approvals, and city requirements (buyer to verify)

This dual-use profile allows buyers to generate near-term income or operational value while preserving future redevelopment optionality.

POTENTIAL USES / STRATEGIES

~ Owner-user (auto body / collision repair operator)

~ Lease to automotive or light industrial tenant

~ Hold for appreciation in a supply-constrained market

~ Mixed-use redevelopment (residential + commercial)

~ Higher-density infill development opportunity (buyer to verify)

~ Reposition to alternative industrial or commercial use

ADDITIONAL INFORMATION

~ Existing auto body infrastructure in place; additional equipment may be negotiable

~ Auto body business may be available separately

~ Potential portfolio opportunity with adjacent parcel (251 24th St)

~ Do not disturb occupants

All information provided by seller or third-party sources and subject to buyer verification. Buyer to conduct their own due diligence regarding zoning, use, and development potential.

BY APPOINTMENT ONLY – Please do not disturb occupants