2030 Willard StPhiladelphia, PA 19134

Property Details for 2030 Willard St

Year built

1935

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

4,900 SF

Zone code

ICMX

Property type

Auto shops

APN

88-2-9721-80

APU

882972180

Description

This exceptional 3,233 sq ft commercial space, part of an 11,000 sq ft, two-story building, is ideally situated at 2030 E Willard St, Philadelphia, PA 19134, near Frankford Avenue. Recently renovated in 2022, this Class B property boasts a contemporary open floor plan with high (8ft) ceilings, abundant natural light, and a central HVAC system. Amenities include a main foyer entrance, large storage space, additional waiting area, a large ADA-compliant bathroom, and a spacious conference room. Energy-efficient LED lighting is installed throughout. The property offers 10 parking spaces and features ADA accessibility from the street, designated street signage, a security pull-down gate, and exterior camera monitoring systems. The space is suitable for various uses, including medical, executive, traditional, creative offices, coworking, or flex spaces. Electric and gas power are available. The building is conveniently located near Aramingo Avenue and Port Richmond business districts, with easy access to SEPTA, I-95, Center City, and New Jersey. Its proximity to the United States Post Office and major thoroughfares ensures excellent visibility and accessibility. The lease term is initially five years, with options to renew in five-year increments. The monthly rent is $3,200, plus a fractional triple net lease (taxes, insurance, and utilities). A security deposit equivalent to three months' rent is required.

• CAP approach

  CAP return

  Valuation

  6%

  $1,368,084

  6.5%

  $1,262,847

  7%

  $1,172,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,613,390

  Geo Method

  $1,613,390

• Alternative Use

  Use

  Valuation

  Residential

  $1,065,258

  Hospitality

  $975,771

  Educational

  $811,830

  Medical

  $839,750

  Retail

  $1,262,847

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9944

Longitude

-75.1095

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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