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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Listing Snapshot
Price
$2,800,000
Days On Site
45 Days
Bedrooms
N/A
Inside Area (SqFt)
18,000 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.02 Acres
Year Built
1940
MLS® Number
PAPH2516996
Status
Active
Property Tax
$33,269
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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Recent Activity
a month ago
Status changed to Active
a month ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Acres
1.02
Parking
Parking Lot
Parking Spaces
120
Property Sub Type
Retail
Sewer
Septic Tank
Special Circumstances
Standard
SqFt Total
18000
Utilities
Natural Gas AvailableElectricity Available
Water Source
Public
Zoning
CA1
Interior Features
Appliances
Gas Water Heater
Cooling
Central AirElectric
Heating
ElectricCentral
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Exterior Features
Construction Details
Stucco
Community Features
MLS Area
19120 (19120)
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Longlong Zhan Real Estate Investment
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