BEDS0
BATHS
MLS#PAPH2516996
STATUSACTIVE
PROPERTY TYPECommercial - Farm
SCHOOLTHE 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
Property Features
Property Type: Commercial - Farm
Cooling: Central A/C
Fuel Type: Electric
Heating: Central
Lot Size: 1.02 Acres
Taxes: $33,269
Year Built: 1940
Feature Descriptions
Accessibility: 2+ Access Exits
Exterior: Stucco
Lot Dimensions: 1.02 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Septic
Total Garage/Parking Spaces: 130
Units: 5
Utilities: Electric Available, Natural Gas Available
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Longlong Zhan Real Estate Investment
Agency Phone: 6105740988
Shown By
Agent Name: The Jesse Hersh Team
Agent Phone: (717) 475-0378
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
5734 38 Old Second Street | MLS# PAPH2516996
This commercial property located at 5734 38 Old Second Street, Philadelphia, PA 19120 is currently listed for sale with an asking price of $2,800,000. 38 Old Second Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.jessehershteam.com today.