5734-38 OLD SECOND ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19120
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $155
MLS Listing ID PAPH2516996
Year Built 1940
Annual Tax Amount $33,269
Tax Year 2023
Lot Size 1.021 Acres
Property Sub-Type Retail
Property Description
This shopping center boasts five laundromat and restaurant tenants with high visibility along Old 2nd Street and W Grange Ave. The total building area is 18,000 sqft with 5 units and parking lot for 120 cars. Strip center : Unit 1: restaurant , 6000 sf. Unit 2: ,2500 sf, Central air & heat . Unit 3: It was a pizza restaurant. Unit 4: meat business , 3800 sf Unit 5 : Coin Laundromat , 4500 Sf , 92 machines , lottery , 2 year old heating & cooling system, lots of potential, opened 2019. In 2019, significant upgrades were made to the property, including all wall renovated ($60,000), the sidewalk fixed and replaced ($50,000.00), 5 poles($40,000.00) installed, other renovation on 2019($15,000) , a new roof( $55,000.00) , 2 meters in the property , 1 for at restaurant , another one for laundromat . The yearly GROSS RENT: $307,800. Expenses are : $13,000.00 for annual real estate tax, $5,000.00 for real estate insurance
Location
State PA
County Philadelphia
Area 19120 (19120)
Zoning CA1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Exterior
Garage Spaces 130.0
Utilities Available Electric Available,Natural Gas Available
Water Access N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange
Special Listing Condition Standard