Maytag Laundry: Mixed use - Laundromat, building and rentals
Business Description
This established mixed-use commercial property represents a compelling investment opportunity in Buffalo's Bailey-Lovejoy district. The asset comprises a neighborhood laundromat operation with 25 years of continuous service and a multi-unit residential component, positioned on a strategically located 0.20-acre corner lot.
Property Details:
• Total building area: 6,105 square feet
• On-site parking: 10 vehicles
• Freestanding corner location with high visibility
Laundromat Operations:
• Established 25-year operating history
• Weekly revenue range: $1,500-$2,200
• Limited local competition as primary neighborhood facility
• Recent capital investments include new Dexter dryers and Encore washers (March 2024)
• Additional equipment upgrades planned
Revenue Streams:
• Primary laundromat operations
• 4-bedroom apartment: $1,495/month
• Garage rental: $300/month
• Basement room rental: $100/week ($5,200 annually)
• Combined annual building revenue exceeds $120,000
Financial Performance:
• Projected capitalization rate: approximately 13%
• Multiple established income sources
• Strong in-place cash flow
• Demonstrated revenue stability
Growth Opportunities:
• Enhanced marketing and digital presence implementation
• Strategic pricing optimization
• Operational efficiency improvements
• Market expansion potential
This turnkey investment provides immediate cash flow through diversified revenue streams while offering significant value-enhancement opportunities. The combination of real estate ownership, established business operations, and multiple rental income sources creates a unique acquisition opportunity for investors seeking stable returns with upside potential in Buffalo's developing market.
Property Details:
• Total building area: 6,105 square feet
• On-site parking: 10 vehicles
• Freestanding corner location with high visibility
Laundromat Operations:
• Established 25-year operating history
• Weekly revenue range: $1,500-$2,200
• Limited local competition as primary neighborhood facility
• Recent capital investments include new Dexter dryers and Encore washers (March 2024)
• Additional equipment upgrades planned
Revenue Streams:
• Primary laundromat operations
• 4-bedroom apartment: $1,495/month
• Garage rental: $300/month
• Basement room rental: $100/week ($5,200 annually)
• Combined annual building revenue exceeds $120,000
Financial Performance:
• Projected capitalization rate: approximately 13%
• Multiple established income sources
• Strong in-place cash flow
• Demonstrated revenue stability
Growth Opportunities:
• Enhanced marketing and digital presence implementation
• Strategic pricing optimization
• Operational efficiency improvements
• Market expansion potential
This turnkey investment provides immediate cash flow through diversified revenue streams while offering significant value-enhancement opportunities. The combination of real estate ownership, established business operations, and multiple rental income sources creates a unique acquisition opportunity for investors seeking stable returns with upside potential in Buffalo's developing market.
About the Business
- Market Outlook / Competition
- Only laundromat in the neighborhood
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 6,105
About the Sale
- Financing Options
- Assumable, Cash, Commercial Loan
Listing Info
- ID
- 2494511
- Listing Views
- 177
Listing ID: 2494511 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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