Established Dry Cleaner For
Dry Cleaners Plymouth, MA 48170
Dry Cleaners, Plymouth, MA, 48170
Contact for pricing
For Sale
Contact for pricing
Profitable dry cleaner business with growth potential in Plymouth, MA.
Property Size1,500 SF
Price / SF$200
Days on Market670
Property Features for Dry Cleaners
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Business for Sale
Listing agency
Global One Realty
Listed by
shawn baek · License #MI 6505350917
Source
Crexi
Added: Sep 20, 2024 Updated: Jul 6 at 8:27AM Checked: Jul 21 at 7:06AM
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 Global One Realty
Investment Insights
Based on property information with market context.
This is an established dry cleaner business for sale, situated in a growing area of Plymouth, Massachusetts. The location benefits from numerous new residential, office, and shopping center developments nearby. The dry cleaner is equipped with newer equipment and is located within a busy shopping center. There is potential to increase sales by adding alteration services, especially with a nearby alteration business closing. Sales in 2024 have increased to $250,000, presenting a great opportunity for further growth. Notably, there are no other dry cleaners in the immediate area. The property size is 1,500 square feet.
Key Highlights
- 2024 sales are up $250,000.
- No other dry cleaners in the area.
- Newer equipment.
Local 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 | $36.0k | $24.00 |
| − Vacancy | −$792 | −$0.53 |
| EGI | $35.2k | $23.47 |
| − OpEx | −$10.6k | −$7.04 |
| NOI | $24.6k | $16.43 |
1,500 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$352.1K
$308.1K – $410.8K
NOI $24,646 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.0K
$777.0K – $1.04M
NOI $62,160 @ 7.0% cap · market cap 20.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Profitable dry cleaner business with growth potential in Plymouth, MA.
Where is this retail space located?
The property is located at Dry Cleaners Plymouth, MA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2024 sales are up $250,000.; **No other dry cleaners in the area.**; Newer equipment.
