5734 Old Second St, Philadelphia, PA 19120
- $2,950,000
- List Price
- $2,950,000
- Days on Market
- 2
- Status
- ACTIVE
- MLS#
- PAPH2674248
- Lot Size (Acres)
- 1.02
- Year Built
- 1940
- County
- Philadelphia
- School District
- The School District Of Philadelphia
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
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Additional Information
- Area
- 19120 (19120)
- Taxes
- $33269
- School District
- The School District Of Philadelphia
- Heating
- Central
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Utilities
- Electric Available, Natural Gas Available
- Water
- Public
- Sewer
- Public Septic
Mortgage Calculator
Listing courtesy of Longlong Zhan Real Estate Investment. Contact: 6105740988