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$2,800,000
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Property Description
This shopping center boasts five laundromat and restaurant tenants with high visibility along Old 2nd Street and W Grange Ave. The total building area is 18,000 sqft with 5 units and parking lot for 120 cars. Strip center : Unit 1: restaurant , 6000 sf. Unit 2: ,2500 sf, Central air & heat . Unit 3: It was a pizza restaurant. Unit 4: meat business , 3800 sf Unit 5 : Coin Laundromat , 4500 Sf , 92 machines , lottery , 2 year old heating & cooling system, lots of potential, opened 2019. In 2019, significant upgrades were made to the property, including all wall renovated ($60,000), the sidewalk fixed and replaced ($50,000.00), 5 poles($40,000.00) installed, other renovation on 2019($15,000) , a new roof( $55,000.00) , 2 meters in the property , 1 for at restaurant , another one for laundromat . The yearly GROSS RENT: $307,800. Expenses are : $13,000.00 for annual real estate tax, $5,000.00 for real estate insurance
Full Property Details
Full Property Details for 5734 Old 2nd St
General
- Price: $2,800,000
- Taxes: $33,269 (2023)
- Status: Active
- Type: Retail
- Source: BrightMLSPhilly
- MLS ID: PAPH2516996
- Updated: 3/6/2026
- Added to Site: 238 day(s) ago
Business
- Business Type: Other/General Retail
Parking
- Total Spaces: 130
- Parking Type: Parking Lot
Location
- Area: 19120 (19120)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: GPS
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Septic
- Water: Public
- Utility Description: Electric Available, Natural Gas Available
Structural Information
- Construction: Stucco
- Building Size: 18000
- Year Built: 1940
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 1.02
- Lot Size (Sq. Ft.): 44,473
- Lot Size Source: Estimated
- Zoning: CA1
Financial Considerations
- Price Per Sq. Ft.: $155.56
- Assessment Year: 2023
- School Tax: $18,255
- City/TownTax: $15,013
- City/TownTax Freq: Annually
- Tax w/Assessment: $2,376,700
- Tax Amount: $33,269
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 208
Listed by Longlong Zhan Real Estate Investment, Zhan Su
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Schools
Schools serving 5734 Old 2nd St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Lowell James R School 450 West Nedro Avenue, Philadelphia, PA 19120 | K-4 | 0.3 mi |
Washington Grover Jr School 201 East Olney Avenue, Philadelphia, PA 19120 | 5-8 | 0.4 mi |
Fels Samuel High School 5500 Langdon Street, Philadelphia, PA 19111 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5734 Old 2nd St
Date
Details
Price
Change
Source
7/15/2025
Listed
$2,800,000
133.33%
MLS
7/08/2016
Sold
$1,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5734 Old 2nd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,233
—
$2,374,100
—
2024
$33,233
149%
$2,374,100
100%
2021
$13,369
-60%
-100%
2023
$33,269
149%
$2,376,700
149%
2020
$13,369
—
$955,100
—
2019
$13,369
-1%
$955,100
-1%
2018
$13,498
10%
$964,300
10%
2017
$12,248
-32%
$875,000
-32%
2016
$17,931
4%
$1,281,000
—
2015
$17,165
—
$1,281,000
—
2014
$17,165
22%
$1,281,000
793%
2013
$14,020
—
$143,488
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5734 Old 2nd St
5734 Old Second Street, Philadelphia, PA 19120 (MLS# PAPH2516996) is a Retail property. 5734 Old Second Street is currently listed for $2,800,000 and was received on July 15, 2025. Want to learn more about 5734 Old Second Street? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

