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700 W RITNER STREET, PHILADELPHIA, PA 19148
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$579,168
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Home Details for 700 W RITNER STREET
Price
$579,168
Type
Commercial/Industrial
Year Build
1925
Lot Size
0.05
County
PHILADELPHIA
Tax
$6,115
MLS®️ Listing#
PAPH2469546
On exitrealty.com
251 days
Property Description
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.
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- Heating Information
- Electric
- Natural Gas
- Baseboard
- Cooling Information
- Wall Unit(s)
- Electric
- Water Features
- Public
- Parking
- None
Listing Courtesy: Keller Williams Realty - Cherry Hill - 856-321-1212
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 EXIT Realty 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. 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. Information Deemed Reliable But Not Guaranteed. Copyright ©2025 Bright MLS. All rights reserved.
Last Updated: 2025-10-11 13:45:41
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$579,168
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