Real Estate Property and Laundromat Business for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30761974
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 4,353 SF
Gross Building Area: See Agent
Sale Price: $350,000
Unit Price: $80.40 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

Laundromat Business & Real Estate Property

The original owner has been operating this laundromat business for the past 22 years. Indeed she mentioned that she built this for her laundromat business. Although the owner achieved tremendous success by building a successful business and serving the community for that many years, now she is ready to comfortably retire and pass on the torch to another ambitious individual to carry on the good work of serving the community. The purchase price includes the business, real estate, business name, goodwill, and equipment as follow:

Six 50 pounders
Six 35 pounders
Nine top loaders
20 dryers (18 regular and 2 50 pounders)

The owner mentioned that she has upgraded the furnace and put a New Roof in 2019

The building has four bathrooms in total

The front part of the building is leased month-to-month to a package delivery service and could be available to the new owner

For further information, please do not hesitate to reach out to us.

Attachments & Media

Additional Details

Nearest MSA: Flint
County: Genesee
Tax ID/APN: 01-35-501-024
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Tenancy: Multiple Tenants
Property Condition: Good
Year Built: 1999
Zoning Description: Zoning Code: COMM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,374 10,680 26,859
Median Age: 37.59 39.42 40.83
Households: 505 3,886 9,885


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