Bought with Jania Daniels • HomeSmart Realty Advisors
$425,000
$450,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
4,892 SqFt
SOLD DATE : 09/17/2021
Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,892 sqft
Price per Sqft $86
Subdivision Germantown
MLS Listing ID PAPH1023150
Sold Date 09/17/21
HOA Y/N N
Available Date 2021-06-01
Annual Tax Amount $3,686
Tax Year 2021
Lot Size 2,660 Sqft
Acres 0.06
Lot Dimensions 25.00 x 106.39
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Don't wait, make an offer on this income producing gem in the heart of Germantown. Located on the corner of Wayne Ave & Queen Lane, this investment won't last long in this market. Currently this building is fully occupied but if you have a business that you want on a sought out corner you can turn the laundromat into any storefront business. The most visible commercial space is the laundromat and features very high ceilings, approx. 1200-1500 sqft of open space and machines in good working order. If you desire operating the laundromat you have a business ready to go and in great condition. The 2nd commercial space is occupied with a beautiful salon. Above the commercial spaces are 3 beautiful apartments with both 2nd floor units being completely renovated with the last 2 years. Each unit on the 2nd floor are large 1 bedrooms and the 3rd floor features a large 2 bedroom apartment that has an updated bathroom. That's a total of 5 units in this corner building with almost 5,000 sqft of space. To top it off this building has an old history as it was built in the early 1900's and while it's been updated the laundromat still has the original ceilings that could be exposed and tells a part of the buildings unique story. The seller is only allowing drive by showings at this time not to disturb any of the tenants. The laundromat and salon are open during the daytime if you want to take a peek but please do not speak to any of the tenants. Once an offer is accepted a showing of the full building can be scheduled.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning CMX2.
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871518630
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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