Listed by Keller Williams Philly
$325,000
Hunting Park Auto Shop
Details
Property Type Industrial, Land
Sub Type Commercial
Square Footage 1,791
Units 1
Cap Rate 12.92%
NOI $42,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $181
Class C
Year Built 1940
Buildings 1
Stories 1
Lot Size (SqFt) 3,744
Zoning CMX2
Parking Spaces 25 spaces
Parking Per SqFt 13.96
Investment Type Value Add
Ownership Fee Simple
Hunting Park Autoshop
Marketing description
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.
Investment highlights
High traffic area
Amongst major institutional development
Value add
6 units by right based on lot size
Listing Contacts
Listed by Keller Williams Philly
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,000.00
$3,500.00/mo
Valuation Metrics
0
DSCR
12.92%
Cap Rate
12.92%
ROI
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