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Listed by Hannah Wright • Konocti Realty
$449,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID LC-26166501
Year Built 1963
Property Sub-Type Mixed Use
Source California Regional Multiple Listing Service (CRMLS)
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
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
Location
State CA
County Lake
Area Lcnic - Nice
Interior
Laundry See Remarks
Building
Lot Description Level with Street, 0-1 Unit/Acre
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900