MLS#LC26166501
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
Konocti Realty
Agency Phone: 707-262-1338
Associate Name: Hannah Wright
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
Established laundromat/retail space open for over 40 years! Commercial Investment Opportunity - Turnkey Laundromat + Real Highway 20 Frontage | High Traffic Location Rare opportunity to own a cash-flowing laundromat with real estate included, plus significant upside potential. Current Income: ? Approx. $6,000/month gross ? Estimated ~$46,000+ NOI ? Strong ~9% cap rate at asking price Property Features: ? Fully operational coin-operated laundromat ? All Dexter washers & dryers ? Recently remodeled building (refurbished machines) (~2 years ago) ? New roof ? Updated electrical ? Custom RGB LED signage ? Prime high-visibility location on Highway 20 Additional Income + Value-Add Opportunity: ? Retail rental space with stable tenants ? 2 bed / 2 bath home on-site ? Needs remodel (~$25K est.) ? Potential $1,300-$1,400/month
Property Features
Property Type: Commercial - Business
Lot Size: 0.30 Acres
Roof Type: Composition
Stories: 1.0
Year Built: 1963
Feature Descriptions
Days on Site: 95
Laundry: See Remarks
Lot: 0-1 Unit/Acre, Street Level
Parcel#: 032115150000
Water: Public
Listed By / Shown By
Listed By
Agency Name: Konocti Realty
Agent Name: Hannah Wright
Agency Phone: 707-262-1338
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
3508 E State Hwy 20 | MLS# LC26166501
This commercial property located at 3508 E State Hwy 20, Nice, CA 95464 is currently listed for sale with an asking price of $449,000. Search Nice real estate on www.farrellsmyth.com today.