Turn-Key Laundromat Business
For Sale
$1,000,000
369 W Morris St, Bath, NY 14810
Fully equipped laundromat in Bath's business district, ready for operation.
Property Size3,400 SF
Lot Size0.28 Acres
Price / SF$294.12
Days on Market146
Property Features for 369 W Morris St
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.28 Acres
Property subtype
Commercial
Building Details
Year Built
2012
Listing Agency:
Howard Hanna
(607) 661-5083
Listed By:
Brennan Thurber · License #10401321341
(607) 661-5083
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Aug 3 at 9:11AM
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 Howard Hanna
Investment Insights
Based on property information with market context.
This commercial property is a purpose-built, fully equipped laundromat located in the business district of Bath. Constructed specifically for laundromat use, the well-maintained building offers over 3,400 square feet of functional space on a .28± acre lot. The property provides accessibility, parking, and visibility in a high-traffic commercial area. Inside, the laundromat features a spacious waiting area, multiple vending options, and public restrooms. It is outfitted with a large number of commercial washers, dryers, and related equipment, all well-maintained and easily serviceable. There is also a dedicated maintenance/utility room and a private office. The facility is optimized for workflow and maintenance. This turn-key business opportunity offers income potential in a well-established location and is suited for investors or owner-operators seeking a proven operation.
Key Highlights
- Purpose‑built laundromat constructed in 2012, ready for immediate operation
- Located in a high‑traffic area within Bath's business district, offering excellent accessibility, parking, and visibility
- Turn‑key business opportunity** with strong income potential
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 | $49.0k | $14.40 |
| − Vacancy | −$2.1k | −$0.60 |
| EGI | $46.9k | $13.80 |
| − OpEx | −$14.1k | −$4.14 |
| NOI | $32.8k | $9.66 |
3,400 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$469.0K
$410.4K – $547.2K
NOI $32,833 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$828.9K
$725.3K – $967.0K
NOI $58,021 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 14810, NY
11,620
Population
6,110
Households
1.9
Avg Household Size
47
Median Age
17%
College-Educated
88%
High-School Grad
120.6 sq mi
ZIP Area
96
Density / Sq Mi
$48,613
Median Household Income
$40,031
Median Earnings
$737
Median Rent
$113,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully equipped laundromat in Bath's business district, ready for operation.
Where is this retail space located?
The property is located at 369 W Morris St Bath, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Purpose‑built laundromat constructed in 2012, ready for immediate operation; Located in a **high‑traffic area** within Bath's business district, offering excellent accessibility, parking, and visibility; Turn‑key business opportunity** with strong income potential
