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2400 W Hunting Park Ave - Hunting Ave Autoshop 1,791 SF Specialty Building Offered at $350,000 at a 12% Cap Rate in Philadelphia, PA 19129

Specialty Properties Pennsylvania Philadelphia 2400 W Hunting Park Ave, Philadelphia, PA 19129

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Investment Highlights

  • High traffic area
  • Value add
  • Amongst major institutional development
  • 6 units by right based on lot size

Executive Summary

Unique opportunity to own a tenant occupied auto mechanic garage with a 30 year tenancy. Tenant is behind on payments and seller is prepared forgive all back rents owed and have tenant sign a new lease with the purchaser.
High traffic area and directly across the street from a major development by a pharmaceutical company completely changing the area.
Build 6 units by right based on lot size.

Financial Summary (Pro Forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $350,000 Building Class C
Price Per SF $195.42 Lot Size 0.09 AC
Sale Type Investment Building Size 1,791 SF
Cap Rate 12% No. Stories 1
Sale Condition Deferred Maintenance Year Built 1940
Property Type Specialty Parking Ratio 13.96/1,000 SF
Property Subtype
Auto Salvage Facility
  • Specialty Carwash
Zoning CMX2 - Commercial Mixed Use
Price $350,000
Price Per SF $195.42
Sale Type Investment
Cap Rate 12%
Sale Condition Deferred Maintenance
Property Type Specialty
Property Subtype
Auto Salvage Facility
  • Specialty Carwash
Building Class C
Lot Size 0.09 AC
Building Size 1,791 SF
No. Stories 1
Year Built 1940
Parking Ratio 13.96/1,000 SF
Zoning CMX2 - Commercial Mixed Use
1 1
Walk Score®
Very Walkable (72)
Transit Score®
Excellent Transit (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 882966115 Improvements Assessment $173,360 (2026)
Land Assessment $43,340 (2026) Total Assessment $216,700 (2026)

Property Taxes

Parcel Number
882966115
Land Assessment
$43,340 (2026)
Improvements Assessment
$173,360 (2026)
Total Assessment
$216,700 (2026)
(215) 607-6007

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Contact the broker for more information about this property

Contact

  • Listing ID: 31380836

  • Date on Market: 4/1/2024

  • Last Updated:

  • Address: 2400 W Hunting Park Ave, Philadelphia, PA 19129

More public record information on 2400 W Hunting Park Ave, Philadelphia, PA 19129

The Tioga-Nicetown Specialty Property at 2400 W Hunting Park Ave, Philadelphia, PA 19129 is currently available. Contact KW Empower for more information.

SPECIALTY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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2400 W Hunting Park Ave - Hunting Ave Autoshop

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