Philadelphia, PA 19148 700 W Ritner Street

700 W Ritner Street Philadelphia, PA - Image 1700 W Ritner Street Philadelphia, PA - Image 2700 W Ritner Street Philadelphia, PA - Image 3
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700 W Ritner Street Philadelphia, PA - Image 4700 W Ritner Street Philadelphia, PA - Image 5700 W Ritner Street Philadelphia, PA - Image 6700 W Ritner Street Philadelphia, PA - Image 7700 W Ritner Street Philadelphia, PA - Image 8700 W Ritner Street Philadelphia, PA - Image 9700 W Ritner Street Philadelphia, PA - Image 10
Presented By: Keller Williams Realty
  • MLS# PAPH2469546
  • 04/11/2025
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  • SQFT • 3,090

Home Details

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.
Presented By: Keller Williams Realty

Interior Features for 700 W Ritner Street

Bathrooms

Total Restrooms3

Other Interior Features

Central Air Y/NNo
FlooringTile/Brick
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterNatural Gas
Total Stories2

General for 700 W Ritner Street

Acceptable FinancingCash, Conventional
Accessibility36 + wide Halls
Association Recreation FeeN
Business TypeApartment Building, Professional
CityPHILADELPHIA
Construction MaterialsCopper Plumbing, Cast Iron Plumbing
Cool FuelElectric
CoolingWall Unit
CountyPHILADELPHIA
DirectionsCorner of 7th & Ritner Street
Electric200+ Amp Service
ExclusionsAll tenants belongings
HeatingBaseboard - Hot Water
Historic Y/NNo
Lease Considered Y/NNo
Lot Size Square Feet2178.00
Lot Size UnitsSquare Feet
MLS Area19148 (19148)
ModificationTimestamp2025-04-11T21:08:14
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
OwnershipFee Simple
PossessionImmediate
Possible UseLaundromat
Price Per Sq Ft Total AG199.35
Property ConditionGood
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofFlat
Security FeaturesSurveillance Sys
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameWHITMAN
Tax Annual Amount6115.0
Tax Assessed Value349520.0
Tax Lot143
Tax Year2023
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceEstimated
ZoningCMX1 & CMX2

Exterior for 700 W Ritner Street

Building Area Total3090.00
Foundation DetailsStone
InclusionsLaundromat Business
Land Assessed Value87380.00
Land Use CodeS30
Lot Dimensions30'wide X 60'deep
Lot Size Acres0.05
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $616,000
MLS#PAPH2469546
List Date 04/11/2025
Property Type Commercial
Phone 703.929.4729
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