Established Laundromat Business For
3275 E Shields Avenue Fresno, CA 93726
3275 E Shields Avenue, Fresno, CA, 93726
$675,000
For Sale
$675,000
Thriving laundromat business with long-term lease and strong cash flow.
Property Size2,400 SF
Price / SF$281.25
Days on Market719
Property Features for 3275 E Shields Avenue
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Business Opportunities
Listing Agency
Legacy Real Estate Inc
(559) 201-8669
Listed by
Jacob Fraga · License #02051741
(559) 334-7990
Source
Xome
Added: Jul 29, 2024 Checked: Jul 17 at 2:24 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate Inc
Investment Insights
Based on property information with market context.
A laundromat business opportunity is available for purchase at 3275 E Shields Ave, Fresno, CA. The Happy Wash & Dry Laundromat is a well-established business known for its cleanliness and reliable service. The business benefits from a 20-year lease, providing stability. The laundromat is fully equipped with high-quality washers and dryers, ensuring efficient operations. The property size is 2400 square feet. The business has a loyal customer base and is known for its friendly staff. This is a turnkey operation, ready for immediate takeover.
Key Highlights
- Strong cash flow provides an excellent investment opportunity
- Prime location at 3275 E Shields Ave, attracting a steady stream of customers
- Benefit from a 20‑year lease, providing stability and peace of mind
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $14.40 |
| − Vacancy | −$1.7k | −$0.69 |
| EGI | $32.9k | $13.71 |
| − OpEx | −$9.9k | −$4.11 |
| NOI | $23.0k | $9.60 |
2,400 SF · lease $14.40/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$329.0K
$287.9K – $383.9K
NOI $23,031 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.7K
$435.5K – $580.6K
NOI $34,836 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Thriving laundromat business with long-term lease and strong cash flow.
Where is this retail space located?
The property is located at 3275 E Shields Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Strong cash flow provides an excellent investment opportunity; Prime location at 3275 E Shields Ave, attracting a steady stream of customers; Benefit from a 20‑year lease, providing stability and peace of mind
