2400 W Hunting Park Ave Philadelphia, PA 19129
Tenant-occupied auto mechanic garage with redevelopment potential.
Property Features for 2400 W Hunting Park Ave
General Information
- Standard status
- Active
- Size
- 1,791 SF
- Property subtype
- Industrial, Land, Mixed Use, Special Purpose
Building Details
- Year Built
- 1940
Listing office Keller Williams Philly (609) 217-1577
Listing date Apr 1, 2024
Source Crexi
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 Keller Williams Philly
Investment Insights
Based on property information with market context.
Key Highlights
- Opportunity to acquire a tenant‑occupied auto mechanic garage in a high‑traffic location.
- Potential for immediate rent reset with a new lease agreement.
- Development potential: Build 6 units by right.
Local Financial Insights For Retail
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 | $32.2k | $18.00 |
| − Vacancy | −$3.3k | −$1.85 |
| EGI | $28.9k | $16.15 |
| − OpEx | −$8.7k | −$4.84 |
| NOI | $20.2k | $11.30 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Boss Automotive — 2912 N 21st St, Philadelphia, PA 19132
- DMC Roadside Service and Auto Repair — 2930 N Croskey St, Philadelphia, PA 19132
- smbrepairs — 2862 N 25th St, Philadelphia, PA 19132
- Fast Life Tire Spot — 2912 N 21st St, Philadelphia, PA 19132
- Auto Clinic — 2937 N 21st St, Philadelphia, PA 19132