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121 S Pavilion Ave Riverside, NJ 08075

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For Sale
$789,000

Multi-purpose property featuring a laundromat and two apartments.

Lot size:
0.04 Acres

Property Features for 121 S Pavilion Ave

General Information

Standard status
Active
Lot size
0.04 Acres

Building Details

Year built
1965

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Listing Contact
Kevin Kerins
Source: Corcoran

Listing Agency: SMIRES & ASSOCIATES Listing Agent: Kevin Kerins

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Thriving Laundromat with Apartments Above

This 3700 sq/ft multi-purpose property presents an investment opportunity, featuring a thriving laundromat with two established apartments above. The laundromat is equipped with energy-efficient washers and dryers, totaling 17 washers and 26 dryers, along with 2 change machines and 7 vending machines. It also includes a handicap-accessible bathroom, storage room, security system, TVs, a fire alarm system, folding stations, and a basement office. The design allows access to the back of all laundry machines, with concrete supports in the basement. All three units have separate utilities. The two apartments above the laundromat have separate entrances and tenants. Apartment 1 includes 1 bedroom, 1 full bath, a kitchenette, and baseboard heat. Apartment 2 features 3 bedrooms, a large living room, central air, and new flooring and carpet. The property has a newer roof installed in 2022, along with new hot water heaters and a furnace. It is located in downtown Riverside, near the municipal building and post office, and is surrounded by local businesses, including dentists, restaurants, and accountants.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

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  • Local Demand
City
Riverside
County
Passaic
State
New Jersey
Longitude
-74.9489
Latitude
40.0192

FAQs

What type of property is this?
Retail space - Multi-purpose property featuring a laundromat and two apartments.
Where is this retail space located?
The property is located at 121 S Pavilion Ave Riverside, NJ.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: - Thriving laundromat business included, featuring **17 washers and 26 dryers**.; - Two established apartments above the laundromat provide immediate rental income.; - Newer roof (2022), new hot water heaters, and furnace minimize potential maintenance costs.
More about this property
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