Auto Repair Shop with Paint
New
For Sale
$750,000
3054 N FRANKLIN STREET, Philadelphia, PA 19133
An open second-floor area adds a separate space within this CMX-2-zoned commercial property.
Property Size9,000 SF
Price / SF$83.33
Days on Market4
Property Features for 3054 N FRANKLIN STREET
General Information
Standard status
Active
Size
9,000 SF
Property subtype
MixedUse
Zoning
CMX-2
Site & Location
Neighborhood
Kensington
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair, detailing
Taxes and HOA fees
Annual Taxes
$6,467
Building Details
Building Size
9,000 SF
Year Built
1925
Buildings
1
Listing Agency:
KW Empower
Listed By:
Ahmad Hazem Ibrahim · License #RS350368
(267) 399-0501
Source:
Mainlinekw
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 6:04PM
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 9,000-square-foot auto shop property includes a 4,500-square-foot repair area on the ground level, equipped with a paint booth and auto repair equipment. The front shop is vacant, while an attached detailing shop at the rear is rented. Above, a 4,500-square-foot open area has high ceilings. The building dates to 1925, and its roof and joists were replaced in 2018.
The property is zoned CMX-2. Any proposed uses, existing approvals, zoning compliance, or conversion plans require verification with the City of Philadelphia. The second-floor area’s future occupancy or conversion is subject to city approvals.
The property is zoned CMX-2. Any proposed uses, existing approvals, zoning compliance, or conversion plans require verification with the City of Philadelphia. The second-floor area’s future occupancy or conversion is subject to city approvals.
Key Highlights
- 9,000‑square‑foot commercial property with 4,500‑square‑foot ground‑floor auto repair area
- Paint booth and auto repair equipment included
- Attached rear detailing shop is currently rented; front shop is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,074
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,480
$1.3M
Cap Rate 7%
$943,914
$943.9K
Cap Rate 9%
$734,156
$734.2K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$102.6K $11.40/SF
− Vacancy
−$8.2K −$0.91/SF
EGI
$94.4K $10.49/SF
− OpEx
−$28.3K −$3.15/SF
NOI
$66.1K $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%
$1,321,480
Cap Rate 7%
$943,914
Cap Rate 9%
$734,156
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.70M
NOI $101,720 @ 7.0% cap · market cap 13.56%
Second Best
Industrial
$943.9K
$825.9K – $1.10M
NOI $66,074 @ 7.0% cap · market cap 8.81%
Theoretical Best
Multifamily LT 5
$2.19M
$1.92M – $2.56M
NOI $153,584 @ 7.0% cap · market cap 20.48%
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
3,725
Businesses Nearby
95k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 28%
Groceries 12%
Apparel 4%
Speedway
Shops & Services
12,422 visits/mo
0.5 miles
Burger King
Dining
11,767 visits/mo
0.4 miles
Save-A-Lot
Groceries
11,355 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,026 visits/mo
0.5 miles
Family Dollar
Shops & Services
9,969 visits/mo
0.3 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- 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
- Superior Auto Body & Repair — 2438 Germantown Ave, Philadelphia, PA 19133
Frequently Asked Questions
What type of property is this?
Auto shop - An open second-floor area adds a separate space within this CMX-2-zoned commercial property.
Where is this auto shop located?
The property is located at 3054 N FRANKLIN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 9,000‑square‑foot commercial property with 4,500‑square‑foot ground‑floor auto repair area; Paint booth and auto repair equipment included; Attached rear detailing shop is currently rented; front shop is vacant
