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    1019-49 Sedgley Ave Philadelphia, PA 19140

    Sponsored
    For Sale
    $1,999,900

    High-Income Generating Property

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 1019-49 Sedgley Ave

    General Information

    Property type
    Land
    Square Feet
    3,600 SF

    HighLights

    • Exceptional investment opportunity: 3,600 SF laundromat in Philadelphia, PA.
    • High‑income producing laundromat with 46 dryers and 41 washers, generating $15,000+ monthly coin revenue.
    • Large corner lot (36,547 SF, 16 addresses) with ample parking (50+ spaces).
    • Recent upgrades include new stucco, sewer line, heating system, hot water heater, and roof.
    • Monthly operating expenses total approximately $4,000; annual expenses (insurance & taxes) total approximately $17,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1468534
    Latitude
    40.0014012

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    FAQs

    What type of property is this?
    Land - High-Income Generating Property
    Where is this land located?
    The property is located at 1019-49 Sedgley Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,999,900.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 3,600 SF laundromat in Philadelphia, PA.; High-income producing laundromat with 46 dryers and 41 washers, generating $15,000+ monthly coin revenue.; Large corner lot (36,547 SF, 16 addresses) with ample parking (50+ spaces).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1019-49 Sedgley Ave Philadelphia, PA 19140
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