Corner Auto Shop Development
2946 N Camac St Philadelphia, PA 19133
New
2946 N Camac St, Philadelphia, PA, 19133
$125,000
For Sale
$125,000
Corner property formerly operating as an auto mechanic shop, offered as-is for redevelopment or continued automotive use.
Property Size1,102 SF
Price / SF$113.43
Days on Market3
Property Features for 2946 N Camac St
General Information
- Standard status
- Active
- Size
- 1,102 SF
Building Details
- Year Built
- 1925
Listing agency
KW Empower
(215) 627-3500
Listed by
Carol Boulos · License #2296584
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 8:52PM Checked: Jul 22 at 8:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Investment Insights
Based on property information with market context.
This corner mixed-use development site was formerly operated as a long-standing auto mechanic shop. The property is being sold strictly as-is, providing flexibility for buyers who want to demolish and redevelop or continue operating an automotive repair use, subject to whatever requirements apply.
The location is positioned along a heavily traveled stretch of North Philadelphia and near major public transportation, with access to one of the area’s busiest intersections. The property’s visibility and corner positioning support a range of commercial and mixed-use redevelopment concepts.
For buyers seeking an infill project in an active commercial corridor, this site offers a straightforward path to redevelopment with the option to pivot to automotive operations on an as-is basis.
The location is positioned along a heavily traveled stretch of North Philadelphia and near major public transportation, with access to one of the area’s busiest intersections. The property’s visibility and corner positioning support a range of commercial and mixed-use redevelopment concepts.
For buyers seeking an infill project in an active commercial corridor, this site offers a straightforward path to redevelopment with the option to pivot to automotive operations on an as-is basis.
Key Highlights
- 1925 corner mixed‑use property formerly operating as an auto mechanic shop
- Offered as‑is for redevelopment or for continued automotive use
- Property is situated on a heavily traveled North Philadelphia commercial corridor near major public transportation and a busy intersection
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.6k | $11.40 |
| − Vacancy | −$1.0k | −$0.91 |
| EGI | $11.6k | $10.49 |
| − OpEx | −$3.5k | −$3.15 |
| NOI | $8.1k | $7.34 |
1,102 SF · lease $11.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$177.9K
$155.7K – $207.6K
NOI $12,455 @ 7.0% cap · market cap 9.96%
Second Best
Industrial
$115.6K
$101.1K – $134.8K
NOI $8,090 @ 7.0% cap · market cap 6.47%
Theoretical Best
Multifamily LT 5
$268.7K
$235.1K – $313.4K
NOI $18,806 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lou's Auto Services
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- NATE'S AUTO Service — 2404 N 9th St, Philadelphia, PA 19133
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- Bossmanclub3287 — 2428 Park Ave, Philadelphia, PA 19132
- K&W Roadside Assistance — 2328 N 18th St, Philadelphia, PA 19132
- Pops Auto Repair & Diagnostic — 1036 W Arizona St, Philadelphia, PA 19133
FAQs
What type of property is this?
Auto shop - Corner property formerly operating as an auto mechanic shop, offered as-is for redevelopment or continued automotive use.
Where is this auto shop located?
The property is located at 2946 N Camac St Philadelphia, PA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1925 corner mixed‑use property formerly operating as an auto mechanic shop; Offered as‑is for redevelopment or for continued automotive use; Property is situated on a heavily traveled North Philadelphia commercial corridor near major public transportation and a busy intersection
