5529 LANSDOWNE AVENUE, PHILADELPHIA, PA 19131

$499,900

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#… Read More 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, there's 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 apartment's 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 Joseph's Univ., Center City, Philadelphia Zoo, Children's Please Touch Museum, & many more! PRICED VERY COMPETITIVELY TO SELL!! Get an offer in quickly before it's gone!!! Read Less

Courtesy of Phong Lam, Century 21 Advantage Gold-South Philadelphia [email protected]

Listing Snapshot

Days Online

474

Last Updated

May 6, 2025

Property Type

Mixed Use

Square Ft.

2,433

Lot Size

0.07 Acres

Year Built

2008

MLS Number

PAPH2312610

30 Days Snapshot Of 19131

$312k

+22%

(avg) sold price

-5%

homes sold

-40%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Negotiable

Building

2,433 net sqft, 2,433 total building sqft, Built in 2008, Major renovation in 2010, 1 unit in building, Single level building, Masonry, Brick, Brick Front, Concrete, Copper Plumbing, Tile

Cooling

Electric, Ceiling Fan(s)

Doors

Double Entry, Storm

Accessibility Features

No Stairs, Level Entry - Main

Expenses

Annual Gross Expense: $21,372, Annual Heating Expense: $7,032, Electric Expense: $3,360, Insurance Expense: $7,000, Operating Expense: $1,781, Other Expense: $8,568, Trash Expense: $500, Electric, Insurance, Water

Floors

Tile/Brick

Foundation

Brick/Mortar

Heating

Natural Gas, Forced Air, Central

Income

Gross Income: $84,000, Net Operating Income: $62,628

Lot

3,109 sqft, Lot Size Dimensions: 32.00 x 98.00, 0.07 acres, Corner, Level, Rear Yard, SideYard(s), Additional Lot(s)

Parking

Fenced, Lighted Parking, Paved Parking, Private, Security/Monitored, Surface

Property

View: Street

Sewer

Public Sewer

Taxes

City/Town Tax: $840, City/Town Tax Pymnt Freq: Annually, School Tax: $1,069, School Tax Pymnt Freq: Annually, Tax Annual Amount: $1,909, Tax Year: 2024

Utilities

Electric Avg / Month: 280.0, Electric Service: Circuit Breakers, Hot Water: 60+ Gallon Tank, Natural Gas, Electric Available, Natural Gas Available, Sewer Available, Water Available

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