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Tenant-Occupied Auto Mechanic Garage

2400 W Hunting Park Ave Philadelphia, PA 19129

2400 W Hunting Park Ave, Philadelphia, PA, 19129
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Tenant-occupied auto mechanic garage with redevelopment potential.

Property Size1,791 SF
Price / SF$181.46
AddedApr 1, 2024
Days on Market836
Last RefreshMay 12 at 9:41 pm

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

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.

This property presents an opportunity to own a tenant-occupied auto mechanic garage with a 30-year tenancy. The property is located in a high-traffic area, directly across the street from a major development by a pharmaceutical company. Based on the lot size, the property has the potential to build 6 units by right. The property size is 1791 square feet and is located in Philadelphia, PA.

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
1,791 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use
Retail
$289.2K
$253.0K – $337.4K (±1% cap)
NOI $20,242 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$187.8K
$164.4K – $219.2K (±1% cap)
NOI $13,149 @ 7.0% cap · market cap 4.05%
Theoretical Best
Multifamily LT 5
$436.6K
$382.0K – $509.4K (±1% cap)
NOI $30,563 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Roy's Auto Services Auto Repair Shop

Suggested Use

Real Estate Agency Law Firm Electrical Service Building Supply Accounting Firm Kitchen & Bath Showroom Computer & Electronic Repair (Bike/Boat/Book/etc) Store Acupuncture Home Appliance Store

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

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

FAQs

What type of property is this?
Auto shop - Tenant-occupied auto mechanic garage with redevelopment potential.
Where is this auto shop located?
The property is located at 2400 W Hunting Park Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 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.
Contact an agent
(609) 217-1577 Call to check price and availability
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