NE Philadelphia-40 Year Old Family Practice for sale includes practice and building.
40 YEAR OLD CHIROPRACTIC PRACTICE FOR SALE in the desirable Mayfair section of Northeast Philadelphia. Located on a corner property and main transportation routes with amazing pedestrian and traffic exposure across from community sports fields and high school. Parking is on- street and plentiful. Properties in this neighborhood have increased in value 12.7% this past year and are trending higher with an expected 13% next year. Zillow lists this area as “Red Hot.”
The property is approximately a 1900 square foot, three story with main practice on two lower floors. Ground floor has 3 treatment/therapy rooms, front desk and 9 seat waiting room with attached rest room. Second floor has Decompression Traction, exercise rehab room , insurance office , and additional rest room. Third floor has been used for a massage suite but has a full kitchen and full bath suitable as a rental apartment. Floor plans are available if interested. The building has a new roof, new sewer lines , new air conditioner, new hot water heater and is well maintained.
The office currently has 2 additional chiropractors who sublease space as turnkey. The practice owner is retiring but the two chiropractors wish to continue at this location if new owner is agreeable to terms of sublease. The main practice treats approximately 70 to 80 patients per week with all ages represented. Practice composition is 60% insurance, 7% PI and WC. Practice style includes diversified, SOT, COX, MRT, Impulse instrument, Vibracussor, electrical therapies, rehab exercise, and Cold Laser. Sale is for $300,000 and includes building (valued at $240,000), all practice equipment (except one table), all records and Forte 8000 computer management software included.
This practice is located 10 minutes from downtown Philadelphia with all the big city amenities. The property (estimated rent $900/month). This is a great opportunity for an individual who is looking to build nearby Poconos and Jersey shore offer great entertainment opportunities. This could be a home office or office with rental equity in a growing area with existing income streams from alternate sources. Please contact me directly on my cell at (500) ARC-HIVE. No calls to the office please. Appointment required for showings.