$99,900 Price Analysis    ♡   Philadelphia, PA 19131 Unknown bed 0 bath unknown SqFt ($0/SqFt) 3,038SqFt lot. Listed 2024-01-18 | Ⓧ USDA Ineligible due to property near Philadelphia |
RARE OPPORTUNITY to own this unique and LARGE Empty Lots with a size of 31 ft.
(width) by 98 ft. (length) totaling about 3, 038 sq. ft.! This Empty Lot was newly paved in 2010. 5533-5535 Lansdowne Avenue large empty lots ($99, 900) (Tax ID# 885020580) MUST BE PURCHASED together with the LARGE CORNER Mixd-Use Commercial Laundromat located at 5529-31 Lansdowne Avenue ($799, 900) (Tax ID# 882933280). According to Public Record, this Large Empty Lot is zoned as CMX-2 (Commercial Mixed-Use)! CORNER Laundromat next door to this huge lot has 1 big Apartment Unit at the rear of the property in the heart of Carroll Park (West Philadelphia)! This spacious Laundromat is setup as a Coin Laundromat Business that consists of all stainless steel appliances (34 Dryers and 26 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 small office area towards the back of the Laundromat. To the right of the small office is a half bathroom. The Laundromat generates averagely of about $7, 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 7:30AM to 7:30PM, all 7 days a week. In addition, theres an Apartment Unit at the rear of the building. This apartment unit is spacious and consists of 1 good-size Bedroom, 1 Full Bathroom & Updated Kitchen! It has nice tile floors all throughout! Full Bathroom consists of tile floors & walls, sink, toilet and stand-up shower with glass door! Kitchen has updated granite counter-top, plenty of wood cabinets and kitchen appliances (Stove/Range & Range Hood).
There are 2 utility rooms at the rear of the property. Behind the apartments kitchen is a fenced in driveway that can fit up to 2 cars. This separate LARGE Empty Lot can fit up to about 8-10 cars, which is also fenced up. ALL Major appliances (Hot Water Heater, Commercial-Grade Hot Water Heater, Central Heater System) & Rubber Roof are installed betwe en 2008-2010 when this building was being constructed. There are also video surveillance cameras from outside the property! Start off your new home, business or investment with the low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. Sewer fee is about $20/mo. for the Lots! IF renting out the Apartment Unit from the Laundromat, 1 Bedroom Apartment rents can be projected to bring in around $1, 050-$1, 250/mo. in the area for rent! That is potentially another $12, 600-$15, 000 gross income that the mixed-use commercial can generate in addition to the Laundromat business. Below are some of the Business Expenses for the Laundromat: Water ($582/mo.), Electric ($280/mo.), Gas ($586/mo.), Trash ($500/year), Sewer ($36/mo.), Comcast Cable Internet ($96/mo.); Property & Liability Insurance ($7, 000/year), Property Tax ($1, 909/year) . Run the existing Laundromat business & generate instant cash flows OR open up your own business! So your investment possibilities are limitless w/ this large CORNER Commercial Property! Possible Redevelopment Opportunity for these Lots! 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 Philadelphia's International Airport, Fairmount Park, Drexel Univ., Univ. of the Sciences, Univ. of Pennsylvania, Saint Josephs Univ., Center City, Philadelphia Zoo, Childrens Please Touch Museum, & many more! PRICED VERY COMPETITIVELY TO SELL! Get an offer in quickly before it's gone!
Presented by Phong Lam at
CENTURY 21 Advantage Gold.
Property MLS #PAPH2312656 from BrightMLS
Lot Size Square Feet: 3038
Calculated Total Monthly Association Fees: 0
High School: OVERBROOK
Middle School: EDWARD HESTON SCHOOL
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Map directions Map directions Map directionsSource Listing Status: Active
County: PHILADELPHIA
Current Use: Land/Lot Only
Ownership: Fee Simple
Source Property Type: Land
Area: PHILADELPHIA
Source Neighborhood: CARROLL PARK
Subdivision: CARROLL PARK
Township: PHILADELPHIA
Property Subtype: Land
Source System Name: C2C
$99,900
BrightMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.