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
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.
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 |
-
|
-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
1 of 1
Walk Score®
Very Walkable (70)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 882966115 | Improvements Assessment | $173,360 (2025) |
| Land Assessment | $43,340 (2025) | Total Assessment | $216,700 (2025) |
