700 W RITNER STREET, PHILADELPHIA, PA 19148

Other
THB ฿19,443,301
USD $599,168
Published on: 13 Apr 2025
Last updated on: 07 Aug 2025
700 W RITNER STREET, PHILADELPHIA, PA 19148
700 W RITNER STREET, PHILADELPHIA, PA 19148
700 W RITNER STREET, PHILADELPHIA, PA 19148
+11
700 W RITNER STREET, PHILADELPHIA, PA 19148
  • 11
Property ID: 110098668551
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Commercial Sale - PHILADELPHIA, PA

700 W RITNER STREET, PHILADELPHIA, PA 19148
Laundromat Business & Multi-Family Property located in the most desirable Prime South Philadelphia Location. This exceptional opportunity presents the acquisition of a thriving Laundromat business alongside two strategically located buildings(700 Ritner #871554970 CMX1 & 702 Ritner # 871554980 CMX2 )in the highly desirable South Philadelphia neighborhood.Laundromat Business: Well-established and consistently profitable. Equipped with 18 high-quality washers and 27 dryers. Generates substantial gross annual sales exceeding $53,000. Offers immediate cash flow and a strong return on investment. Owner-occupied, providing valuable operational insights and flexibility.Real Estate: Two separate buildings (700 Ritner #871554970 CMX1 & 702 Ritner # 871554980 CMX2) offering significant potential. Includes two income-generating apartments currently occupied with a combined monthly rental income of $1,800. Features a full basement in the Laundromat building, providing valuable storage and expansion possibilities.Investment Highlights: Diversified income streams from both the Laundromat business and rental units.Prime location in a densely populated and rapidly growing neighborhood. Strong potential for rental income growth and business expansion. Ideal for both owner-operators and investors seeking a stable and profitable asset.All interested buyers must submit proof of funds to demonstrate their financial capacity to proceed with the showing and purchase.  Please do not disturb employees during business hours.This is an exceptional opportunity for a savvy investor or entrepreneur to acquire a valuable asset with significant growth potential.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
202.34 m2
Year Built
1925
Architecture Style
Other
County
PHILADELPHIA
Provider
Bright MLS
Subdivision
Whitman
Brokerage Office Name
Keller Williams Realty - Cherry Hill
Brokerage Office Phone
(856) 321-1212
Neighbourhoods
PHILADELPHIA
Address
700 W RITNER STREET, PHILADELPHIA, PA 19148
Contact Agent
Paul Cheng
Keller Williams Realty
409 Marlton PIKE E, Cherry Hill, NJ 08034
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Paul Cheng
409 Marlton PIKE E, Cherry Hill, NJ 08034
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      Property ID: 110098668551

      Original Property ID: 3yd-TRENDPA-PAPH2469546
      Data provided by Bright MLS, MLS #: PAPH2469546
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