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23,600 sqft

$750,000

309 S 48TH STREET, PHILADELPHIA PA, 19143

Price per sqft$31.78
Built in1940
Property size23,600 sqft
Property typeCommercial

Overview

Active

Active-bright

Listed Aug 11, 2026

Updated 6 days ago

BUSINESS ONLY SALE – ESTABLISHED LAUNDROMAT NEAR UNIVERSITY CITY / UPENN Rare opportunity to acquire an established, large-scale laundromat business in a highly desirable West Philadelphia location near the University of Pennsylvania and University City. Business and assets only – real estate is NOT included in the sale. The buyer will assume/take over the existing lease, subject to landlord approval and lease terms. The approximately 6,000 SF laundromat offers an impressive operation with 100+ commercial washers and dryers, providing substantial capacity to serve the surrounding residential community, students, faculty, staff and neighborhood customers. The property also offers the benefit of large customer parking lots, an important amenity for a laundromat business and a significant convenience for customers handling larger loads. The sale includes the business equipment, laundry equipment, fixtures and goodwill, providing an incoming owner with the opportunity to step into an established operation rather than start from scratch. The business has demonstrated strong cash flow, and the current owner is offering the business for sale due to retirement. Situated in the University City/West Philadelphia area, the location benefits from a dense surrounding population and proximity to major educational institutions, residential neighborhoods and public transportation. University City is home to major institutions including the University of Pennsylvania and Drexel University, creating a substantial customer base in the surrounding area. This is an excellent opportunity for an experienced laundromat operator, investor or entrepreneur seeking an established, cash-flowing business with significant existing equipment, a large footprint, abundant parking and an established customer base. BUSINESS SALE ONLY – REAL ESTATE NOT INCLUDED. Buyer to assume/take over lease. Sale is subject to landlord approval and applicable lease terms. Financial information, equipment list and additional business details available to qualified buyers upon execution of a confidentiality agreement and/or proof of funds, as appropriate.

Additional information

MLS® ID
PAPH2658274

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.74 Acres

Other Property Details

Taxes
$29,512
Tax Frequency
Annually
MLS provider logo

Listed by Better Homes Realty Group
Listing Contact: 2674381887 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2026 at 12:34 AM UTC

 

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