5734-38 OLD SECOND ST, Philadelphia, PA 19120
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5734-38 OLD SECOND ST, Philadelphia, PA 19120
5734-38 OLD SECOND ST, Philadelphia, PA 19120
5734-38 OLD SECOND ST, Philadelphia, PA 19120
5734-38 OLD SECOND ST, Philadelphia, PA 19120
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Anita Mohamed

Anita Mohamed

+1(347) 903-3025
$ 2,800,000
Est. payment /mo
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5734-38 OLD SECOND ST Philadelphia, PA 19120

1.02 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Lot Size 1.021 Acres

MLS Listing ID PAPH2516996

Financing Cash,Conventional,Exchange

Total Units 5

Short Sale No

Originating MLS BRIGHT

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

Heat Source Electric

1-purchase type For Sale

Exterior

Garage Spaces 130

Utilities Available Electric Available, Natural Gas Available

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Parking Type Parking Lot

Total Parking Spaces 130

Building

New Construction N

Sewer Public Septic

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax Amount $33,269

Tax Year 2023

Tax ID 882136700

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Exchange

Special Sale Standard

Bright MLS (BMLS)
testyfx76
Listed by Zhan Su • Longlong Zhan Real Estate Investment
Anita Mohamed
Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

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5734-38 OLD SECOND ST