2020 Parker St San Luis Obispo, CA 93401

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Listing date Jul 15, 2024

Source Exprealty

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Investment Insights

Based on property information with market context.

A profitable self-serve laundromat, Mustang Laundromat, is available. The purchase includes Fluff and Fold, a subsidiary company that provides wash, dry, fold, and delivery services. The laundromat features new Speed Queen touch equipment and building improvements exceeding $500,000. The remaining lease term includes 3 options totaling 19 years. Equipment includes six 20LB SQ washers, six 30LB SQ washers, four 40LB SQ washers, three 60LB SQ washers, three 80LB SQ washers, ten 30LB stack dryers, five 45LB stack dryers, two 500RL standard change makers, and one 8-slot soap dispenser. This business has room to grow in a prime location.

Key Highlights

• High profitability self‑serve laundromat with additional income from Fluff and Fold service.
• Substantial investment in new Speed Queen equipment and building improvements exceeding $500,000.
• Long‑term lease with 19 years remaining across 3 options.

Property Analytics

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FAQs

What type of property is this?

Retail space - Established laundromat with growth potential in prime location.

Where is this retail space located?

The property is located at 2020 Parker St San Luis Obispo, CA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: High profitability self‑serve laundromat with additional income from Fluff and Fold service.; Substantial investment in new Speed Queen equipment and building improvements exceeding $500,000.; Long‑term lease with 19 years remaining across 3 options.