309 S 48TH ST, Philadelphia, PA 19143
309 S 48TH ST, Philadelphia, PA 19143
309 S 48TH ST, Philadelphia, PA 19143
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Greg Lin • Better Homes Realty Group
$750,000
Est. payment /mo
0.74 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PAPH2658274

Year Built 1940

Annual Tax Amount $29,512

Tax Year 2006

Lot Size 0.740 Acres

Acres 0.74

Property Sub-Type Retail

Source BRIGHT

Property Description

BUSINESS ONLY SALE – ESTABLISHED LAUNDROMAT NEAR UNIVERSITY CITY / UPENN

Rare opportunity to acquire an established, large-scale laundromat business in a highly desirable West Philadelphia location near the University of Pennsylvania and University City. Business and assets only – real estate is NOT included in the sale. The buyer will assume/take over the existing lease, subject to landlord approval and lease terms.

The approximately 6,000 SF laundromat offers an impressive operation with 100+ commercial washers and dryers, providing substantial capacity to serve the surrounding residential community, students, faculty, staff and neighborhood customers. The property also offers the benefit of large customer parking lots, an important amenity for a laundromat business and a significant convenience for customers handling larger loads.

The sale includes the business equipment, laundry equipment, fixtures and goodwill, providing an incoming owner with the opportunity to step into an established operation rather than start from scratch. The business has demonstrated strong cash flow, and the current owner is offering the business for sale due to retirement.

Situated in the University City/West Philadelphia area, the location benefits from a dense surrounding population and proximity to major educational institutions, residential neighborhoods and public transportation. University City is home to major institutions including the University of Pennsylvania and Drexel University, creating a substantial customer base in the surrounding area.

This is an excellent opportunity for an experienced laundromat operator, investor or entrepreneur seeking an established, cash-flowing business with significant existing equipment, a large footprint, abundant parking and an established customer base.

BUSINESS SALE ONLY – REAL ESTATE NOT INCLUDED. Buyer to assume/take over lease. Sale is subject to landlord approval and applicable lease terms. Financial information, equipment list and additional business details available to qualified buyers upon execution of a confidentiality agreement and/or proof of funds, as appropriate.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning C2

Interior

Hot Water Natural Gas

Heat Source Central

Exterior

Water Access N

Accessibility Level Entry - Main

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882847800

Ownership Leasehold

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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