2034 Willard St Philadelphia, PA 19134
- Auto shops
- 6,144 SF
- 0.10 lot acres
Current Use by Public Records
- Auto shops
Property Details for 2034 Willard St
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.10 lot acres
- Property size
- 6,144 SF
- Zone code
- ICMX
- Property type
- Auto shops
- APN
- 88-2-9721-85
- APU
- 882972185
Description
This exceptional 2,232 square-foot retail space, located at 2034 E Willard St, Philadelphia, PA 19134, presents a rare opportunity for businesses seeking a unique and versatile location. Situated in a vibrant area experiencing consistent growth, this single-tenant property boasts a newly renovated interior (2022) and offers a contemporary, open floor plan with high ceilings and abundant natural light. The space includes a large storage area, a welcoming foyer waiting area, and bright, ADA-compliant bathrooms. Energy-efficient LED lighting and a central HVAC system ensure comfort and efficiency. The building features convenient ADA access from the street, designated street signage, a security pull-down gate, secure private parking (10 spaces total), and exterior camera monitoring systems for added security. The building is part of a larger 11,000 square foot structure, with additional space available on the second floor. Its prime location offers easy access to public transportation (SEPTA), major thoroughfares (I-95, Frankford Avenue), and is conveniently situated across from the United States Post Office, near Aramingo Avenue and the Port Richmond Business Districts. The lease term is initially five years, with options to renew in five-year increments (7 and 10-year options are also available). The monthly rent is $2,800, plus a fractional triple net lease (taxes, insurance, and utilities). A three-month security deposit (first, last, and security) is required. This property is ideal for a variety of businesses and offers significant potential for growth within a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $655,000
- 6.5%
- $635,000
- 7%
- $710,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $650,000
- Geo Method
- $795,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $580,000
- Mixed-Use
- $705,000
- Hospitality
- $675,000
- Educational
- $715,000
- Residential Income
- $790,000
- Energy
- $605,000
- Income-Based Land
- $660,000
- Food Service
- $610,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1094
- Latitude
- 39.9942
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
