5734-38 Old Second Street
Philadelphia, PA, 19120 $ 2,950,000
Bedrooms-- Baths-- Sq 18,000 Monthly Estimate*
$ 18,627
for $2,950,000. This 18,000 square foot building was built in 1940 on a lot size of 1.02.
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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FeaturesInteriorHeating Fuel Electric
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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GeneralSewer Public Septic
Heating Central
Cooling Central A/C
Utilities Electric Available Natural Gas Available
Possession 31-60 Days CD
Zoning CA1
Construction Materials Stucco Brick
Year Built 1940
Property Subtype Retail
Tax Year 2023
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Shopping Center
Accessibility 2+ Access Exits
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions GPS
City PHILADELPHIA
Number Of Units Total 5
MLS Area 19120 (19120)
Lot Size Units Square Feet
Lot Size Square Feet 44473.00
Tax Annual Amount 33269.0
Price Per Sq Ft Total AG 172.72
Acceptable Financing Cash Conventional Exchange
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 208
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ExteriorWater Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 17080.00
Lot Size Acres 1.02
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 475336.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByLonglong Zhan Real Estate InvestmentBroker
Affordability Calculator
- Monthly Principal & Interest
- $18,627
- Monthly Property Taxes
- $2,772
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $1,168,591
Percent of Sale Price 60%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/25/2026 | $2,950,000 | | Listed Price |