1. Pennsylvania
2. Philadelphia
3. 5734-38 OLD SECOND ST

5734-38 OLD SECOND ST, Philadelphia, PA 19120

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

Listing Status:

Active

Listing Office:

Longlong Zhan Real Estate Investment : 6105740988

Listing Agent:

Zhan Su : 6105740988

MLS ID:

PAPH2516996

Interior

• A/C: Central A/C
• Heating: CentralElectric
• Disability Feature: 2+ Access Exits

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Zhan Su, Longlong Zhan Real Estate Investment