1019-49 Sedgley AvePhiladelphia, PA 19140

Property Details for 1019-49 Sedgley Ave

Property size (Sq ft)

3,600 SF

Property type

Other commercial real estate

Property subtype

Other specialty properties

Description

This exceptional commercial property in Philadelphia, PA, presents a rare investment opportunity. The 3,600 square foot laundromat, situated on a large corner lot (approximately 36,547 sq ft encompassing 16 addresses), boasts 46 dryers and 41 washers, generating an average monthly income of $15,000 from coin machines alone. Additional revenue streams are derived from the sale of laundry supplies. The property includes a spacious parking lot accommodating over 50 vehicles. Recent upgrades include new stucco (2021), a newer 6-inch sewer line (2018), a new central heating system (2021), a new gas hot water heater (2021), and a newer aluminum and rubber roof (2018). The laundromat features tile floors, ceiling fans, ample natural light, a half bathroom, and a utility room. Video surveillance cameras enhance security. Monthly operating expenses include water ($1,671), electric ($635), gas ($1,225), trash ($118), sewer ($84), Comcast ($261), phone ($30), and alarm ($54). Annual expenses include insurance ($12,000) and property taxes ($4,966). An adjacent, separately-sold lot (approximately 15,462 sq ft, 4 addresses, Tax ID: 885949820) offers further development potential. The property is being sold as-is, where-is. The buyer is responsible for any necessary repairs and zoning inquiries. Conveniently located near public transportation, shopping, and Temple University. This property offers significant income potential and redevelopment possibilities. Priced competitively for a quick sale.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0014

Longitude

-75.1469

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