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735 S 9th Street - 9th Street Laundromat, Canon City, CO

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735 S 9th Street - 9th Street Laundromat

Canon City, CO 81212

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1947
Building Size:4,577 SF Land Area:.62 AC (27,199 SF)
For Sale Price:$257,000 Price/SF:$56.15
Cap Rate:12.00 %
Parking:6 Surface spaces are available; Ratio of 1.31/1,000 SF
Features:24 Hour Availability, Storage Units

Sale Notes:
Laundry Mat & Apartment Units FOR SALE

Nice Clean and well maintained Laundry Mat with all associated equipment. Currently open for business so please do not approach staff on site. Must schedule showing with the listing broker.
There are also 2 apartments and a small retail shop as well. One is currently leased and the other will be available once the property is sold.
Projected return will be over 12%, before debt service but after Taxes, Insurance & Utilities.
There are currently 30 washers and 31 dryers located in the Laundry Mat as well as vending machines. There is also an additional retail area next to the Laundry Mat(600sf) that could be used for a dry cleaners or drop-off. The property had a new roof installed in 2012.
*** Peak Commercial believes information contained herein, while not guaranteed is from reliable sources. All information including property measurements to be confirmed by potential buyers.

Peak Commercial Properties
Michael D Stuard
(719) 338-9566

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