Listed By:
Keller Williams Realty
Address
700 W Ritner Street, Philadelphia, PA
Price
$ 638,000
Property Attributes
  • MLS#PAPH2325304
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19148
  • NeighborhoodWhitman
  • Zip19148
  • Style
  • Year Built1925
  • Taxes$ 6115
  • Price$ 638,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3090
  • Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description

Excellent opportunity to own this Laundromat business and 2 buildings (700 Ritner #871554970 CMX1 & 702 Ritner # 871554980 CMX2 ) in the most desirable South Philadelphia. There are 2 apartments upstairs currently occupied with $1,800 rental income and the owner-occupied Laundromat with a full basement. Laundromat business and is currently owner-occupied. . The Current Gross sales $53,000. Starting making money after closing. Do not disturb the employees.

Price History
2/23/2024 Listed $638,000

General Features

Sewer Public Sewer
Heating Baseboard - Hot Water
Cooling Wall Unit
Possession Immediate
Roof Flat
Zoning CMX1 & CMX2
Security Features Surveillance Sys
Construction Materials Copper Plumbing,Cast Iron Plumbing
Exclusions All tenants belongings
Year Built 1925
Electric 200+ Amp Service
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Other
Accessibility 36 + wide Halls
County PHILADELPHIA
New Construction No
Property Type Commercial Sale
Subdivision Name WHITMAN
Possible Use Laundromat
Water Access Y/N No
Property Use Owner User
Transportation Bus Stop less than 1 mile
Status ACTIVE
Directions Corner of 7th & Ritner Street
ModificationTimestamp 2024-04-19T14:52:58
City PHILADELPHIA
Buyer Agent Compensation 2.5
Zoning Description Laundromat & 2 families
Total Units 3
MLS Area 19148 (19148)
Lot Size Square Feet 2178.00
Tax Assessed Value 349520.0
Waterfront Y/N No
Street Name RITNER
Tax Annual Amount 6115.0
Property Condition Good
Price Per Sq Ft 206.47
Acceptable Financing Cash,Conventional
Historic Y/N No
Lease Considered Y/N No
Vacation Rental Y/N No
Days on Market 68
Standard Status Active
Year Built Source Estimated
Tax Lot 143
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas,Electric
Flooring Tile/Brick
Hot Water Natural Gas
Total Stories 2
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No
Total Restrooms 3

Exterior Features

Water Source Public
Inclusions Laundromat Business
Type of Parking None
Land Use Code S30
Foundation Details Stone
Water View Y/N No
Building Area Total 3090.00
Lot Dimensions 30'wide X 60'deep
Lot Size Acres 0.05
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 87380.00
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N No
LotDimensionsSource Estimated

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 19148

Price
AVG $450K
$640K
Taxes
AVG $6,384
$6,115
Visits
AVG 168
80
Data Provided by Inside Real Estate®
Year Built
AVG 1930
1925

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