Corner Auto Shop Development
For Sale
$125,000
2946 N Camac St, Philadelphia, PA 19133
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 Market96
Property Features for 2946 N Camac St
General Information
Standard status
Active
Size
1,102 SF
Site & Location
Neighborhood
North Philadelphia
Building Details
Year Built
1925
Listing Agency:
KW Empower
Listed By:
Carol Boulos · License #2296584
(267) 978-0563
Source:
Kandorre
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 7 at 1:53PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,090
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,800
$161.8K
Cap Rate 7%
$115,571
$115.6K
Cap Rate 9%
$89,889
$89.9K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$12.6K $11.40/SF
− Vacancy
−$1.0K −$0.91/SF
EGI
$11.6K $10.49/SF
− OpEx
−$3.5K −$3.15/SF
NOI
$8.1K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,800
Cap Rate 7%
$115,571
Cap Rate 9%
$89,889
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,565
Businesses Nearby
120k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 31%
Groceries 13%
Apparel 4%
McDonald's
Dining
23,953 visits/mo
0.2 miles
Sunoco
Shops & Services
13,378 visits/mo
0.5 miles
Speedway
Shops & Services
13,312 visits/mo
0.2 miles
Wells Fargo
Shops & Services
12,653 visits/mo
0.3 miles
Burger King
Dining
11,767 visits/mo
0.5 miles
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- K&W Roadside Assistance — 2328 N 18th St, Philadelphia, PA 19132
- Bossmanclub3287 — 2428 Park Ave, Philadelphia, PA 19132
- Pops Auto Repair & Diagnostic — 1036 W Arizona St, Philadelphia, PA 19133
- NATE'S AUTO Service — 2404 N 9th St, Philadelphia, PA 19133
- Custom Complete Auto Repair — 2444 Germantown Ave, Philadelphia, PA 19133
Frequently Asked Questions
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
