$395,000
( $241.15Per Sq Foot )
 $2,120 est/mo Sourced by Back At You

140 S Grand Mesa Drive , Cedaredge, CO 81413

Cedaredge, CO 81413

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Description

Commercially Successful Business with a Cap Rate of over 7.9%. This is a great opportunity to own and operate a successful, turn-key laundromat business as well as an excellent real estate opportunity along Highway 65 in downtown Cedaredge. Cedar Suds Laundry is a well maintained coin operated unattended laundromat. For sale is the real estate and business that in addition to the business space includes a 2 bed/1 bath apartment in the back of the building. The apartment is currently rented for $900/month. The laundromat was remodeled with new commercial flooring, paint, and lights in 2022. Both a motion detection security system is in place (maintained by Peak Alarm) and a camera video/audio surveillance system and DVR (independently installed and maintained) are in place for the laundromat business. Both can be controlled on-site or remotely via apps. Vending machines are available for customer purchases. A half bathroom for customer use is located at the back of the facility. There is a middle room between the apartment and laundromat which is currently used to house supplies for the business but which could be used for an attendant or developed for a wash/dry/fold service. All equipment is included with the sale. Cedar Suds Laundry is the only commercial laundromat in Cedaredge and draws customers from Delta City, Orchard City, Cedaredge, and Grand Mesa. More complete financials are available for serious buyers. The cozy and updated apartment was remodeled with new LVT flooring and paint in 2020. The apartment includes a refrigerator, stove, and window A/C unit. The apartment has a separate entrance accessed through an alleyway which includes 2 off-street parking spaces. It is in sight of the Grand Mesa Arts and Events Center and Cedaredge Mainstreet. It includes a small yard that is fenced with 6’ wood pickets for privacy with stone decorative paving around the small porch. Laundromats were considered essential businesses during the pandemic, have a high success rate, and wide customer bases.

Details

MLS#807835
Listing TypeFor Sale
StyleOther Business Opportunity
Sub-TypeResale
StatusPending
Year1962
Days On Site317
Listing Provided ByBetter Tomorrow Real Estate, LLC | Debra Rowe

Features

Bath(s) 2 Total
SQ Feet1,638
Story(s)1
Units1
ZoningBusiness,Mixed Use
Acreage0.10

Market Activity 81413

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Listings Checked: 21 seconds ago
StateCO
CountyDelta
CityCedaredge
Zip Code81413
AreaSurface Creek
Listing VS Median (in 81413)
Price:
$395,000
low | high
Med:
$550,000
10.759493670886% of Average
SqFt:
1,638
low | high
Med:
2,073
23.443223443223% of Average
$ / SqFt:
$241
low | high
Med:
$265
39.977834362234% of Average
On Site:
317
low | high
Med:
100.000000
100% of Average
Sourced by Back At You
Listing Updated: June 20, 2024 at 7:24:47 PM PDT