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2400 Hunting Park Ave Philadelphia, PA 19129

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Philadelphia Auto Shop - High ROI Potential

Property size:
1,791 SF

Property Features for 2400 Hunting Park Ave

General Information

Property type
Specialty properties
Square Feet
1,791 SF
Class
C

Building Details

Year Built
1940
Buildings
1
Stories
1
Units
1

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Listing Contact
Rich Cassell
Rich Cassell

Listing Agency: Keller Williams Philly Listing Agent: Rich Cassell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 1,791 square foot, fee-simple owned auto shop located at 2400 W Hunting Park Ave, Philadelphia, PA 19129. The property, built in 1940, sits on a 3,744 square foot lot and boasts a 12% cap rate with a current NOI of $42,000. Currently 100% occupied under a NNN lease, the single tenant is behind on rent, but the seller is willing to forgive all back rent and have the tenant sign a new lease with the buyer. This presents a unique value-add opportunity. The property is zoned CMX2, allowing for the construction of up to six units, based on the lot size. The property includes 25 parking spaces and 38 square feet of air rights. This prime location is directly across from a major pharmaceutical development, indicating significant future growth potential in a high-traffic area. The asking price is $350,000, with a price per square foot of $195.42. This is a rare chance to acquire a well-located, income-producing property with substantial upside potential in a rapidly developing neighborhood. The property features one building, one story, and is classified as Industrial, Land, Mixed Use, and Special Purpose.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Roy's Auto Services Auto Repair Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Longitude
-75.168150066689
Latitude
40.009260711251

FAQs

What type of property is this?
Specialty property - Philadelphia Auto Shop - High ROI Potential
Where is this specialty property located?
The property is located at 2400 Hunting Park Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High-traffic location.; Located within a major institutional development area.; Significant value-add opportunity.
(609) 217-1577 Call to check price and availability
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