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    2400 Hunting Park Ave Philadelphia, PA 19129

    Sponsored
    For Sale
    $350,000

    Philadelphia Auto Shop - High ROI Potential

    Property size:
    1,791 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 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

    HighLights

    • High‑traffic location.
    • Located within a major institutional development area.
    • Significant value‑add opportunity.
    • Six (6) units permitted by zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roy's Auto Services Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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

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    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.
    Request Owner's contact information
    2400 Hunting Park Ave Philadelphia, PA 19129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2400 Hunting Park Ave Philadelphia, PA 19129
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