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    37 Lucas Ave Kingston, NY 12401

    Sponsored
    For Sale
    $849,999

    Established Laundromat, High Income Potential

    Property size:
    1,773 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional opportunity presents a well-established laundromat in a prime Kingston, NY location at the corner of Lucas and Washington Avenues. The 1,773 square foot building sits on a 0.13-acre lot and boasts a loyal customer base, ensuring a consistent revenue stream. The business is a turnkey operation, ready for immediate ownership and profitability. The spacious, well-lit facility houses 21 high-efficiency washers and 25 dryers, maximizing operational efficiency and minimizing utility costs. Further enhancing revenue streams are integrated snack and drink vending machines, detergent vending, and two money card vending machines. A convenient drop-off laundry service adds another layer of customer convenience and income generation. Financial statements detailing income and expenses are available upon request, providing a transparent view of the business's financial health. The seller is committed to a smooth transition and offers valuable support and training to the new owner, ensuring a seamless takeover and continued success. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a thriving Kingston neighborhood. The property's high-traffic location and comprehensive service offerings position it for continued success and expansion.

    Property Features for 37 Lucas Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,773 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Choice Laundromat Laundromat

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster County
    State
    New York
    Longitude
    -74.02411
    Latitude
    41.93348

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    FAQs

    What type of property is this?
    Commercial real estate - Established Laundromat, High Income Potential
    Where is this commercial real estate located?
    The property is located at 37 Lucas Ave Kingston, NY.
    What is the asking price?
    The asking price for this property is $849,999.
    (518) 660-7120
    Request Owner's contact information
    37 Lucas Ave Kingston, NY 12401
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    Kingston, NY 12401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37 Lucas Ave Kingston, NY 12401
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