PA > Philadelphia
Philadelphia, PA 19120,5734-38 OLD SECOND ST
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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 19120,5734-38 OLD SECOND ST
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Michael Sobhi

Michael Sobhi

+1(703) 973-7555
Listed by Zhan Su • Longlong Zhan Real Estate Investment
$ 2,800,000
Est. payment /mo
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5734-38 OLD SECOND ST Philadelphia, PA 19120

18,000 SqFt

UPDATED:

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

Acres 1.02

Property Sub-Type Retail

Source 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

Exterior

Garage Spaces 130.0

Utilities Available Electric Available, Natural Gas Available

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 130

Garage N

Building

Sewer Public Septic

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882136700

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

Bright MLS (BMLS)
agent

Michael Sobhi

Agent

+1(703) 973-7555

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5734-38 OLD SECOND ST