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    520 Broadway St Altus, OK 73521

    Sponsored
    For Sale
    $400,000

    Profitable Laundromat, Turnkey Operation

    Property size:
    2,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional turnkey business opportunity presents a well-established laundromat located at 520 E Broadway Street in Altus, Oklahoma. The property encompasses a 2,400 square foot building situated on a high-traffic street, boasting excellent visibility and proximity to key businesses such as McDonald's, United Grocery, United Drug Store, Rent Center, a restaurant, and a new Credit Union. This ensures consistent customer flow and strong brand recognition within the community. Suds-Ur-Duds is Altus' preferred choice for both drop-off and self-service laundry needs, offering a range of washing machine sizes – single, double, and triple load – along with convenient features like an automated detergent and dryer sheet dispenser. The sale includes the building, the land, and the established business, providing a complete and ready-to-operate package. Currently employing three staff members, the current owner is retiring and would consider part-time employment to ensure a smooth transition for the new owner. This presents a unique opportunity to acquire a profitable, established business with significant growth potential in a thriving location. The asking price for this exceptional property is $400,000. This is a rare chance to own a successful business with a strong reputation and loyal customer base. Don't miss this opportunity to become part of the Altus community and take the reins of this thriving laundry business.

    Property Features for 520 Broadway St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,400 SF

    Building Details

    Year Built
    1995
    Location Intelligence

    Current Use by Public Records

    Suds-Ur-Duds Laundromat Goldy's Pharm Cannabis Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.3276
    Latitude
    34.63747

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable Laundromat, Turnkey Operation
    Where is this commercial real estate located?
    The property is located at 520 Broadway St Altus, OK.
    What is the asking price?
    The asking price for this property is $400,000.
    (580) 482-1020
    Request Owner's contact information
    520 Broadway St Altus, OK 73521
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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
    520 Broadway St Altus, OK 73521
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