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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 Type(s):
Commercial
| Last Updated | 4/11/2025 | Tract | WHITMAN |
|---|---|---|---|
| Year Built | 1925 | Community | 19148 (19148) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Details
| AIR | Electric, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19148 (19148) |
| HEAT | Baseboard, Electric, Natural Gas |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 30'wide X 60'deep |
| PARKING | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | WHITMAN |
| TAXES | 6115 |
| WATER | Public |
| ZONING | Laundromat & 2 families |
Location
Listing provided by Keller Williams Realty
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 4/13/25 1:56 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
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