Views
Address
1019 W Sedgley Avenue, Philadelphia, PA
Price
$ 2,249,900
Property Attributes
- MLS#PAPH2312692
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19140
- NeighborhoodTemple University
- Zip19140
- StyleGeneral Retail
- Year Built1942
- Taxes$ 4966
- Price$ 2,249,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3600
- Lot Size0.84 Acres
Data Source:
Bright MLS
Property Description
RARE OPPORTUNITY to own this very unique & LARGE CORNER Laundromat with an extremely huge parking lot that can fit over 50 vehicles (Tax ID#: 882005680)! This Laundromat is about 3,600 sq. ft. and the entire Lot size is about 36,547 sq. ft.! This property sits on about 16 lot addresses! Seller is also selling separately a very big plot of Land directly next door to this Laundromat that is also up for Sale (Tax ID: 885949820)! That entire Lot size is about 15,462 sq. ft.! This separate Lot sits on about 4 lot addresses! This spacious Laundromat is setup as a Coin Laundromat Business that consists of 46 Dryers & 41 Washers. Take advantage of this rare opportunity before it's gone! Laundromat space has tile floors throughout with ceiling fans. Plenty of natural lights shining T/O entire Laundromat to help you save on energy bills! There is a half bathroom on the side the Laundromat. There is a Utility Room towards the back of the Laundromat. This Laundromat generates averagely of about $15,000/month on the coin machines alone. Business also sells laundry detergents, softeners, laundry foldable trolley carts, etc., which these inventories are EXCLUDED from the Sale. Laundromat business opens from 7AM to 9PM, all 7 days a week. The following items were recently updated by Owner: New Stucco (2021), Newer 6 inch Sewer Line (2018), New Central Heating System (2021), New Gas Hot Water Heater (2021), Newer Aluminum Roof & Rubber Roof (2018). There are also video surveillance cameras from outside the property! Start off your new business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. Below are some of the Business Expenses: Water ($1,671/mo.), Electric ($635/mo.), Gas ($1, 225/mo.), Trash ($118/mo.), Sewer ($84/mo.), Comcast Cable TV & Internet ($261/mo.), Business Telephone ($30/mo.), Alarm System ($54/mo.); Property & Liability Insurance ($12,000/year), Property Tax ($4,966/year) . Run the existing Laundromat business to generate instant cash flows OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Commercial Property! Possible Redevelopment Opportunity! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to shopping centers/plazas, supermarkets, stores, gyms, restaurants, parks, & much more! Easy access to all major highways! Minutes away from Temple University School of Pharmacy, Temple Medical Schools, Temple University Hospital, Temple University Main Campus, & many more! PRICED VERY COMPETITIVELY TO SELL!! Get an offer in quickly before it's gone!!
| Price History | |
|---|---|
| 1/19/2024 | Listed $2,249,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Forced Air |
| Cooling | Ceiling Fan(s) |
| Utilities | Electric Available,Natural Gas Available,Sewer Available,Water Available |
| Possession | Immediate |
| Roof | Other,Rubber |
| Zoning | I2 |
| Security Features | Carbon Monoxide Detector(s),Exterior Cameras,Security System,Smoke Detector,Surveillance Sys,Window Grills |
| Construction Materials | Masonry,Stucco,Tile |
| Exclusions | ALL Store Inventory (such as detergents,softeners,soaps,etc.),Sodas,Snacks,Folding Laundry Basket on Wheels Foldable Utility Trolley. |
| Year Built | 1942 |
| Electric | Circuit Breakers |
| View | Street |
| Property SubType | Other |
| Tax Year | 2024 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 180000.00 |
| OwnerPays | All Utilities,Electricity,Gas,Heat,Insurance,Taxes - Real Estate,Water,Sewer,Trash Collection,Other |
| Business Type | Other/General Retail,Other |
| Accessibility | Level Entry - Main,No Stairs |
| County | PHILADELPHIA |
| Net Operating Income | 114096.00 |
| Operating Expense | 5492.00 |
| Insurance Expense | 12000.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | TEMPLE UNIVERSITY |
| Possible Use | Drive-Thru,Dry Cleaner,Commercial,Convenience Store,Day Care,Distribution,Food & Beverage,Industrial,Laundromat,Medical/Dental,Office,Parking,Professional Service,Restaurant,Retail,Senior Assisted/Da |
| Water Access Y/N | No |
| Property Use | Owner User |
| Transportation | Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile |
| Status | ACTIVE |
| Directions | Between N. 10th Street,N. 11th Street,& W. Allegheny Avenue |
| ModificationTimestamp | 2024-01-19T10:37:35 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 3 |
| MLS Area | 19140 (19140) |
| Lot Size Square Feet | 36547.00 |
| Tax Assessed Value | 354800.0 |
| Waterfront Y/N | No |
| Street Name | SEDGLEY |
| Tax Annual Amount | 4966.0 |
| Electric Expense | 7620.00 |
| Property Condition | Excellent,Very Good,Good |
| Trash Expense | 1416.00 |
| Price Per Sq Ft | 624.97 |
| Acceptable Financing | Cash,Conventional |
| Avg. Electric Per Month | 635.0 |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 103 |
| Location Type | Corner Lot/Unit |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 154 |
| Cap Rate | 5.07 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas,Central |
|---|---|
| Flooring | Tile/Brick |
| Hot Water | 60+ Gallon Tank |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | No |
| Total Restrooms | 1 |
Exterior Features
| Parking Features | Handicap Parking,Paved Parking,Security/Monitored,Surface,Unassigned |
|---|---|
| Lot Features | Corner,Level,Open,Other |
| Water Source | Public |
| Inclusions | ALL in AS-IS Condition: 46 Dryers,41 Washers,Tables,Chairs,Laundry Carts,Coin Change Machine,Snacks Vending Machine,Beverages Vending Machine |
| Total Parking Spaces | 110 |
| Type of Parking | Driveway,On Street,Parking Lot |
| Land Use Code | QA0 |
| Foundation Details | Brick/Mortar,Concrete Perimeter |
| Water View Y/N | No |
| Building Area Total | 3600.00 |
| Lot Dimensions | 328.00 x 118.00 |
| Lot Size Acres | 0.84 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Door Features | Double Entry |
| Other Equipment | Negotiable |
| Land Assessed Value | 248366.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 80 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19140
Price
Taxes
Visits
Year Built
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