Laundromat with 4500 sf and 5 Units strip center for sale

Philadelphia, PA
listing image
Asking Price:$2,990,000
FF&E:$600,000
Inventory:$15,000
BUSINESS DESCRIPTION

2,890,000.00 is the seller's bottom line . the buyer needs to submit the buyer's pre-approval letter for loan or the buyer's financial statement and a signed NDA form to get the seller's documents for information. PLEASE DON'T TALK TO ANY ONE IN THE PREMISES .JUST TAKE A LOOK PRETENDING LIKE A CUSTOMER. I NEEDS TO CONTACT ALL TENANTS TO SHOW THROUGH THE SELLER.
to sell Laundry business and real estate together not separately, 18,000 sf building with 5 units and parking lot for 120 cars, Laundromat : $6,000/per week , 4500 Sf , 92 machines , 4 years old , pay rent $4500.00 /month , lottery , new heating & cooling system, lots of potential, $2,890,000.00 including business & strip center . Strip center : Unit 1: Asian restaurant , 6000 sf , The restaurant has been there for years. The current tenant has been here almost last 30 years, pays $8,200.00 / month rent and $700.00 for CAM charges , and also pays 85 % of entire building water , the tenant signed for 3 years plus 1 time 5 years option, roof was done 2021 . Unit 2: Café , 2500 sf, well renovated , monthly rent is $3,800.00 , signed April 2022, 5 years plus One 5 years option , Central air & heat . Unit 3: It was a pizza restaurant . closed now , looking for a new tenant ,Monthly rent shall be $3,800.00. 2500 sf , 1 bathroom. Unit 3: Pork & meat busines , 3800 sf , well renovated tenant signed September 2022 , 5 years plus option for 5 years , central air &heat , well renovated , still more than 9 years to go ,monthly rent is $3,950.00 including CAM , Unit 5 : Coin Laundromat , 4500 sf , opened 2019 , new machine , monthly rent is $4,500.00 including CAM . All wall has renovated newly at cost of $60,000.00 , The sidewalk fixed and replaced at around $50,000.00 and installed 5 poles at 40,000.00 , $15,000.00 for other renovation on 2019 , a new roof on 2019 at $55,000.00 ,2 meters in the property , 1 for at restaurant , another one for laundromat , expenses are : $13,000.00 for annual real estate tax and $5,000.00 for real estate insurance


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Philadelphia, PA
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
18,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
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Peter
Han
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Peter Han