5734-38 Old 2nd St, Philadelphia, PA 19120 For Sale

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