For Sale Commercial MLS# PAPH2674248

5734-38 OLD SECOND ST

Philadelphia, PA 19120

$2,950,000

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About 5734-38 OLD SECOND ST

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

Property details

Property

Type
commercial
Year built
1940
Lot
1.02 ac
List date
Sep 24, 2026

Schools

District
Philadelphia City School District

Location

Subdivision
Olney
Neighborhood
Olney

Location

Neighborhood
Olney
School district
Philadelphia City School District

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Listed by Wei Lin, Longlong Zhan Real Estate Investment

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.