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Request Info$2,800,000
ACTIVE
5734-38 OLD SECOND STREET Overview
- Time on Site:
- 348 days
- Visits:
- 29
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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5734-38 OLD SECOND STREET Facts & Features
- Type Commercial
- Sq. ft. 18,000
- Price/Sq.ft. $156
- Lot 1.02 Acres
Details
General
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Year Built: 1940
Business Information
- Business Type: Other/General Retail
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19120 (19120)
Parking Information
- Total Parking Spaces: 130
- Type of Parking: Parking Lot
Tax Information
- City/Town Tax: 15013.00
- City/Town Tax Payment Frequency: Annually
- School Tax: 18255.00
- Tax Annual Amount: $33,269.00
- Tax Assessed Value: 2376700.00
- Tax Year: 2023
General Information
- Property Sub Type: Retail
- Property Type: Commercial Sale
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2023
- Zoning: CA1
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Electric
- Total Drive In Doors: 0
Parking Information
- Garage: No
Building Interior
- Building Area Source: Estimated
- Building Area Total: 18000.00
- Central Air: Yes
- Hot Water: Natural Gas
General Information
- Accessibility Features: 2+ Access Exits
- Cooling: Central A/C
Exterior
Building Information
- Total Loading Docks: 0
Lot Information
- Lot Size Acres: 1.02
- Lot Size Source: Estimated
- Lot Size Square Feet: 44473.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Stucco
General Information
- Number Of Units Total: 5
- Sewer: Public Septic
- Utilities: Electric Available,Natural Gas Available
- Water Access: No
5734-38 OLD SECOND STREET Neighborhood
Community
19120 (PHILADELPHIA) Demographics
33
Median Age
21,641
Population Density (per sq. mile)
20%
College Educated
$38,996
Estimated Median Income
14,742
Estimated Total Home Owners
9,789
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
5734-38 OLD SECOND STREET Monthly Cost
5734-38 OLD SECOND STREET Market Data
Based on the last 30 days in this zip code
$201,355
Average List Price
$160
Average Price per Square Foot
28
Properties Sold
91
Average Days on Market
174
Properties for Sale
5734-38 OLD SECOND STREET History
| Date | Value | Agent |
|---|---|---|
| 7/17/2025Source: BRIGHT MLS | July 17, 2025 |
Listing provided courtesy of Longlong Zhan Real Estate Investment- MLS# PAPH2516996
Contact Information: [email protected] - 6105740988
Contact Information: [email protected] - 6105740988