Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    130 Plank Rd Somerset, PA 15501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey laundromat business and building for sale in Somerset.

    Property size:
    5,576 SF
    Lot size:
    1.00 Acre

    Property Features for 130 Plank Rd

    General Information

    Standard status
    Active
    Zoning
    C-1
    Size
    5,576 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Lynette Walters
    Source: Crexi

    Listing Agency: Berkshire Hathaway HomeServices The Preferred Realty Wexford Listing Agent: Lynette Walters

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

    Learn more

    Overview

    Established Laundromat Business and Building

    This is an established and profitable turnkey business opportunity, including the building and all equipment for a laundromat. The laundromat features top brand new washers and 40 dryers, along with folding tables and benches. A new wash and fold service has been added, and an attendant is on the premises. The property includes a free-standing split block building with approximately 5,576 square feet across two levels, and parking for 60 cars. It has side hands-free entry doors and a front door. The lower level contains 6 storage units, which could be leased for additional income. The back lot could be sub-divided or have free-standing storage units added for additional income. The property is zoned C-1 and situated on a 1-acre lot with 184 feet of road frontage. Additional features include a security surveillance system, handicapped access, and central air. The owner is willing to separate the business from the real estate and sell them individually.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Somerset
    State
    Pennsylvania
    Longitude
    -79.0676606
    Latitude
    40.0058342

    Nearby Similar for Sale

    • $250,000
      1.30 Acres

      Commercial Property on 1.3 Acres

      Spacious commercial property with office, warehouse, and detached buildings.
      702 Kimberly Ave, Somerset, PA 15501
      View Details
    • $250,000
      1.30 Acres

      Commercial Property on 1.3 Acres

      Spacious commercial property with office, warehouse, and detached buildings.
      702 S Kimberly Ave, Somerset, PA 15501
      View Details
    • $225,000
      0.12 Acres

      Somerset Commercial Building with Apartment

      Commercial building with renovated apartment and parking in Somerset, PA.
      398 W Patriot St, Somerset, PA 15501
      View Details
    • $1,282,500
      2.00 Acres

      Well-Maintained Office Building For Sale

      7500 SF office building with newer roof and HVAC.
      142 Sagamore St, Somerset, PA 15501
      View Details
    • $475,000

      1548-1554 N Center Ave, Somerset, PA 15501

      Storefront properties
      1548-1554 N Center Ave, Somerset, PA 15501
      View Details
    • $350,000

      Commercial Property with Garage Facilities

      Unique commercial property ideal for various business ventures.
      1963 New Centerville Rd, Somerset, PA 15501
      View Details
    • Contact for pricing

      Somerset Warehouse Distribution Facility

      368,594 SF warehouse on 34.392 acres for sale/lease.
      322 Revco Rd, Somerset, PA 15501
      View Details
    • $375,000
      0.40 Acres

      Somerset Office Building - Prime Location

      Updated Medical Office, Ample Parking, Downtown Somerset
      105 Church St, Somerset, PA 15501
      View Details
    • $600,000
      0.81 Acres

      Mountain Restaurant & Banquet Hall

      Rustic Charm, Huge Potential, PA
      1239 Glades Pike, Somerset, PA 15501
      View Details
    • Contact for pricing
      14,600 SF

      Established Restaurant & Sports Bar

      Thriving restaurant and sports bar in Somerset, Pennsylvania for sale.
      1640 N Center Ave, Somerset, PA 15501
      View Details
    • Contact for pricing
      43,010 SF

      Red Roof Inn Somerset Opportunity

      Recently renovated Red Roof Inn with value-add potential.
      220 Waterworks Rd, Somerset, PA 15501
      View Details
    • $1,282,500
      2.00 Acres

      Somerset Commercial Building Investment

      Prime Somerset location, leased to PA state agency.
      142 Sagamore St, Somerset, PA 15501
      View Details

    FAQs

    What type of property is this?
    Retail space - Turnkey laundromat business and building for sale in Somerset.
    Where is this retail space located?
    The property is located at 130 Plank Rd Somerset, PA.
    What are key features of this property?
    This property features: - Turnkey laundromat business and building with all equipment included.; - High-capacity laundromat with top brand new washers and 40 dryers.; - Large building (approx. 5,576 sq ft) with parking for 60 cars.
    Request Owner's contact information
    130 Plank Rd Somerset, PA 15501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 Plank Rd
    Somerset, PA 15501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    130 Plank Rd Somerset, PA 15501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lynette Walters
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!