78-80 Genesee St - Storefront Retail/Residential FOR SALE


Avon, NY 14414
$1,200,000 USD
585-389-1041
78-80 Genesee St, Avon, NY for Sale
$1,200,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 10.41% Cap Rate

78-80 Genesee St
Avon, NY 14414


OVERVIEW

This Offering includes the Econo-Wash Laundromat and 7 Apartment Units. Econo-Wash has been in Business for the past 65 Yrs. with the same ownership and is the only Laundromat within a 5 mile radius. This Opportunity offers exceptional Value-Add Opportunity for an experienced operator. All of the equipment is owned, no leasing plan from suppliers. There is tremendous potential to expand services and increase Gross Sales to Industry metrics. There is additional space to the rear of space that can accommodate additional services. There are 7 One Bdrm Apartments that are considered under market rate. Exterior is in excellent condition, roof is approximately 7 yrs. old, new storefront facade windows. Laundromat pays for all water service at the building. Municipal Parking Lot and Street Parking *NOI Proforma based for Real Estate is $75,000/yr. *Financials displayed here include the OPEX of the Laundromat minus discretionary expenses retained by Ownership Entity of Business-NOI est. at $50,000/yr. *The Laundromat Business must Convey with the Real Estate and List Price includes Econo-Wash operating entity. *30-50 Genesee Street is also For Sale and can be purchased separately or together- LP: $675,000. It is a 4 unit Office/Retail and 3 Ap't Mixed Use Bldg. Existing Financials are available after execution of NDA.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

10.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,095 SF

ZONING

05 - COMME

APN/PARCEL ID

242001-034-010-0002-007-000-0000

ASK ABOUT THIS PROPERTY

Terence ShannonRE/MAX 1st CommercialMore Info
585-389-1041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Terence ShannonRE/MAX 1st CommercialMore Info
585-389-1041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.