Property

Philadelphia, PA 19131 5529 Lansdowne Avenue

Sold: May 16, 2025
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Presented By: Century 21 Advantage Gold-South Philadelphia
  • MLS# PAPH2312610
  • 01/18/2024
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Disclaimer: The information contained in this listing has not been verified by Jhony Leyva | Your Local REALTOR® and should be verified by the buyer.
  • SQFT • 2,433

Home Details

RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Property with 1 spacious Apartment Unit at the rear of the property in the heart of Carroll Park (West Philadelphia)! This property has been newly built in 2008 & fully renovated in 2010! 5529-31 Lansdowne Avenue ($499,900) (Tax ID# 882933280) MUST BE PURCHASED together with 5533-5535 Lansdowne Avenue large empty lots ($99,900) (Tax ID# 885020580). The current use is a Laundromat Business (Owner operated). However, this is zoned as CMX-2 Mixed-Use, which is flexible for many types of businesses. The possibilities are endless with this spacious property on a heavy traffic area. This spacious Laundromat is setup as a Coin Laundromat Business that consists of all stainless steel appliances (34 Dryers & 26 Washers). Take advantage of this rare opportunity before it's gone! Laundromat space has tile floors throughout with ceiling fans. Plenty of natural lights shining T/O entire Laundromat to help you save on energy bills! There is a small office area towards the back of the Laundromat. To the right of the small office is a half bathroom. In addition, theres an Apartment Unit at the rear of the building. This apartment unit is very spacious & consists of 1 good-size Bedroom, 1 Full Bathroom & Updated Kitchen! It has nice tile floors all throughout! Full Bathroom consists of tile floors & walls, sink, toilet, and stand-up shower with glass door! Kitchen has updated granite counter-top, plenty of wood cabinets, and kitchen appliances (Stove/Range & Range Hood). There are 2 utility rooms at the rear of the property. Behind the apartments kitchen is a fenced in driveway that can fit up to 2 cars. The separate LARGE Empty Lot next door to this property can fit up to about 8-10 cars, which is also fenced up. ALL Major appliances (Hot Water Heater, Commercial-Grade Hot Water Heater, Central Heater System) & Rubber Roof are installed between 2008-2010 when this building was being constructed. There are also video surveillance cameras from outside the property! Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. IF renting out the Apartment Unit, 1 Bedroom Apartment rents can be projected to bring in around $1,050-$1,250/mo. in the area for rent! Buyer is responsible to reach out to the City for any zoning questions or use variance. Your investment possibilities are endless w/ this very large CORNER Commercial Property! You can live in the property and operate your business with a large store-front! Possible Redevelopment Opportunity for the lots next door! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed) & due diligence on any use variance. Septa bus / trolley stops & public transportation are easily accessible in the area! Close to shopping centers/plazas, supermarkets, stores, gyms, restaurants, parks, & much more! Easy access to all major highways! Minutes away from Philadelphia's International Airport, Fairmount Park, Drexel Univ., Univ. of the Sciences, Univ. of Pennsylvania, Saint Josephs Univ., Center City, Philadelphia Zoo, Childrens Please Touch Museum, & many more! PRICED VERY COMPETITIVELY TO SELL!! Get an offer in quickly before it's gone!!!
Presented By: Century 21 Advantage Gold-South Philadelphia

General for 5529 Lansdowne Avenue

Acceptable FinancingCash, Conventional
AccessibilityNo Stairs, Level Entry - Main
Association Recreation FeeN
Avg. Electric Per Month280.0
Business TypeOther, Other/General Retail
Buyer FinancingConventional
Cap Rate7.83
CityPHILADELPHIA
Close Price500000.00
Construction MaterialsMasonry, Brick, Brick Front, Concrete, Copper Plumbing, Tile
Cool FuelElectric
CoolingCeiling Fan(s)
CountyPHILADELPHIA
DirectionsBetween Lansdowne Avenue, N. Allison Street & Hunter Street
ElectricCircuit Breakers
Electric Expense3360.00
ExclusionsALL Store Inventory (such as detergents, softeners, soaps, etc.), Folding Laundry Basket on Wheels Foldable Utility Trolley
Gross Income84000.00
HeatingForced Air, Central
Historic Y/NNo
Insurance Expense7000.00
Lease Considered Y/NNo
Location TypeCorner Lot/Unit
Lot Size Square Feet3109.00
Lot Size UnitsSquare Feet
MLS Area19131 (19131)
ModificationTimestamp2025-05-19T12:45:24
MunicipalityPHILADELPHIA
Net Operating Income62628.00
New ConstructionNo
Number Of Units Total1
Operating Expense1781.00
OwnerPaysAll Utilities, Electricity, Gas, Heat, Insurance, Taxes - Real Estate, Water
OwnershipFee Simple
PossessionImmediate
Possible UseApartments, Commercial, Convenience Store, Day Care, Drive-Thru, Dry Cleaner, Food & Beverage, Food Market, Florist/Nursery, Investment, Laundromat, Medical/Dental, Mixed Use, Office, Parking, Professional Service,
Price Per Sq Ft Total AG205.47
Property ConditionExcellent, Very Good, Good
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseOwner User
Security FeaturesCarbon Monoxide Detector(s), Exterior Cameras, Smoke Detector, Window Grills
SewerPublic Sewer
Standard StatusClosed
StatusCLOSED
Subdivision NameCARROLL PARK
Tax Annual Amount1909.0
Tax Assessed Value136400.0
Tax Lot73N2
Tax Year2024
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
Trash Expense500.00
UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Waterfront Y/NNo
Year Built2008
Year Built SourceEstimated
ZoningCMX2

Interior for 5529 Lansdowne Avenue

BuyerOfficeEmailmarvincappsrealty@gmail.com
Central Air Y/NNo
FlooringTile/Brick
Heating FuelNatural Gas
Heating Y/NYes
Hot Water60+ Gallon Tank, Natural Gas
Total Restrooms2
Total Stories1

Exterior for 5529 Lansdowne Avenue

Building Area Total2433.00
Car Parking Spaces12
Door FeaturesDouble Entry, Storm
Fencing Y/NY
Foundation DetailsBrick/Mortar
InclusionsALL in AS-IS Condition: 34 Dryers, 26 Washers, Tables, Chairs, Laundry Carts, Coin Change Machine
Land Assessed Value27274.00
Land Use CodeAA0
Lot Dimensions32.00 x 98.00
Lot FeaturesCorner, Level, Rear Yard, SideYard(s), Additional Lot(s)
Lot Size Acres0.07
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Other EquipmentNegotiable
Parking FeaturesFenced, Lighted Parking, Paved Parking, Private, Security/Monitored, Surface
Total Loading Docks0
Total Parking Spaces12
Type of ParkingDriveway, On Street, Parking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Jhony Leyva

Realtor
Price $499,900
MLS#PAPH2312610
List Date 01/18/2024
Property Type Commercial
Phone 571.247.7543
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