Bought with U&R Real Estate
$400,000
$438,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
2,316 SqFt
SOLD DATE : 03/01/2023
Key Details
Sold Price $400,000
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Sold
Square Footage 2,316 sqft
MLS Listing ID 1551970
Sold Date 03/01/23
HOA Y/N No
Originating Board Maine Listings
Year Built 1900
Annual Tax Amount $2,611
Tax Year 2021
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Motivated Seller. Great turn-key business opportunity with an attractive cap rate! This is an investment opportunity to own a profitable self-service unattended laundromat with additional income from the vending machines and 2 bedroom rented apartment above. Recently converted to bottled propane service but Natural gas line still available to use. This turn-key business has excellent visibility on Main Street with a traffic count of 10,470 (2019). The business comes with 8 commercial washers and 12 dryer units (8 Standard/4 large), 15 parking spaces for customers, lounge area with electric fireplace, TV, internet, heat pump, restroom, and an extra back room for storage. The 1st floor has all new electrical installed for the laundromat equipment. The 2 bedroom apartment comes with a heat pump, separate driveway and entry, as well as an extra back room for storage. All windows on the 2nd floor are new vinyl replacement windows. Close to I 95. Land, building, and business is being sold. Available for showings each day from 3:00-7:00pm for the apartment and anytime for the laundromat.
Location
State ME
County Somerset
Zoning Mixed
Direction GPS FRIENDLY
Rooms
Basement Dirt Floor, Full, Unfinished
Interior
Heating Multi-Zones, Hot Water, Heat Pump, Baseboard
Cooling None, Heat Pump
Flooring Vinyl, Tile, Carpet
Exterior
Garage 11 - 20 Spaces
Waterfront No
View Y/N No
Roof Type Metal
Parking Type 11 - 20 Spaces
Building
Lot Description Downtown
Story 2
Foundation Block, Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil, Electric, Gas Bottled
Financing Cash
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