Turnkey Dry Cleaners
For Sale
$399,900
0063-661 Long Ln, Upper Darby, PA 19082
Turnkey dry-cleaners business and double wide storefront building available for sale together.
Property Size2,500 SF
Price / SF$159.96
Days on Market236
Property Features for 0063-661 Long Ln
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,773
Listing Agency:
Mercury Real Estate Group
(215) 462-5100
Listed By:
Jien Fung · License #RS292731
(267) 879-2641
Source:
Exprealty
Added: Jan 15
Changed: Aug 26
Last Checked: Sep 7 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mercury Real Estate Group
Investment Insights
Based on property information with market context.
This offering includes a long-established, turnkey dry-cleaners business along with the associated storefront building. The operation has been serving the community since 1950, and the sellers are offering transition support by staying to train the new buyers. The property is described as a solid double wide building with approximately 2,500 square feet.
For sale as a combined business and real estate opportunity, this presents a straightforward way to step into an existing dry-cleaning operation with the seller’s assistance during the handoff.
The package is being presented together to support continuity, with the business and building sold as one.
For sale as a combined business and real estate opportunity, this presents a straightforward way to step into an existing dry-cleaning operation with the seller’s assistance during the handoff.
The package is being presented together to support continuity, with the business and building sold as one.
Key Highlights
- Dry‑cleaners business and double wide storefront building sold together
- Business has served the community since 1950
- Approximately 2,500 SF double wide building included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,544
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,880
$490.9K
Cap Rate 7%
$350,629
$350.6K
Cap Rate 9%
$272,711
$272.7K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.5K $15.00/SF
− Vacancy
−$2.4K −$0.98/SF
EGI
$35.1K $14.03/SF
− OpEx
−$10.5K −$4.21/SF
NOI
$24.5K $9.82/SF
Area
Delaware County, PA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,880
Cap Rate 7%
$350,629
Cap Rate 9%
$272,711
Alternative Uses
Best Use
Retail
$350.6K
$306.8K – $409.1K
NOI $24,544 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$758.0K
$663.2K – $884.3K
NOI $53,058 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
236k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 28%
Apparel 26%
Electronics 4%
Burlington
Apparel
22,345 visits/mo
0.3 miles
Ross Dress for Less
Apparel
20,776 visits/mo
0.3 miles
Wendy's
Dining
17,045 visits/mo
0.4 miles
McDonald's
Dining
16,228 visits/mo
0.4 miles
Five Below
Shops & Services
12,937 visits/mo
0.3 miles
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey dry-cleaners business and double wide storefront building available for sale together.
Where is this storefront property located?
The property is located at 0063-661 Long Ln Upper Darby, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Dry‑cleaners business and double wide storefront building sold together; Business has served the community since 1950; Approximately 2,500 SF double wide building included
