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Established Auto Repair Shop For Sale

3602 Frankford Ave Philadelphia, PA 19134

3602 Frankford Ave, Philadelphia, PA, 19134
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For Sale
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Turn-key auto repair business with real estate and equipment included.

Property Size3,245 SF
Price / SF$292.76
AddedDec 10, 2024
Days on Market582
Last RefreshMay 12 at 10:41 pm

Property Features for 3602 Frankford Ave

General Information

Standard status
Active
Size
3,245 SF
Property subtype
Industrial, Retail, Special Purpose

Building Details

Year Built
1940

Listing office KW Commercial Exton

Listing date Dec 10, 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 KW Commercial Exton


Investment Insights

Based on property information with market context.

This property presents an opportunity to acquire an established automotive repair shop situated in a location with high traffic visibility. The property is located in a developing corridor of Philadelphia. The turn-key auto repair business has been operational for over 10 years. The sale includes the real estate and equipment. The building features 3 garage bays, an office with a seating area, a large additional room suitable for use as a lunch room or other seating areas, and a bathroom for customers. The building is equipped with a waste oil heater. The property size is 3245 square feet.

Key Highlights

  • Prime location with very high traffic visibility in a growing area of Philadelphia.
  • Turn‑key auto repair business operational for over 10 years.
  • Sale includes both real estate and equipment.

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 $58.4k $18.00
− Vacancy −$6.0k −$1.85
EGI $52.4k $16.15
− OpEx −$15.7k −$4.84
NOI $36.7k $11.30
3,245 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use
Retail
$523.9K
$458.5K – $611.3K (±1% cap)
NOI $36,676 @ 7.0% cap · market cap 3.86%
Second Best
Industrial
$340.3K
$297.8K – $397.1K (±1% cap)
NOI $23,823 @ 7.0% cap · market cap 2.51%
Theoretical Best
Multifamily LT 5
$791.1K
$692.2K – $922.9K (±1% cap)
NOI $55,376 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Travel Agency Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nursing Home Veterinary Clinic

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

Similar Off Market Nearby

  • Drewske Auto & truck Repair — 3089 Janney St, Philadelphia, PA 19134
  • Ray's Auto Body, Inc. — 3111 Agate St, Philadelphia, PA 19134
  • Tow Decision, Inc. — 3111 Agate St, Philadelphia, PA 19134
  • Papi Tint Shop — 3067 Janney St, Philadelphia, PA 19134
  • ABRM Auto — 3060 Witte St, Philadelphia, PA 19134

FAQs

What type of property is this?
Auto shop - Turn-key auto repair business with real estate and equipment included.
Where is this auto shop located?
The property is located at 3602 Frankford Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location with very high traffic visibility in a growing area of Philadelphia.; Turn‑key auto repair business operational for over 10 years.; Sale includes both real estate and equipment.
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