86Th Ave Jamaica, NY 11435
- Retail properties
- 1,300 SF
Current Use by Public Records
- Retail properties
Property Details for 86Th Ave
- Property size
- 1,300 SF
- Property type
- Retail properties
Description
This thriving Briarwood laundromat presents a fantastic investment opportunity. The 1,300 square foot space houses a well-equipped laundry facility featuring 20 modern, high-capacity washers (Thoroughbred 600, approximately 3-4 years old) in a mix of large, medium, and small sizes (7 large, 6 medium, 7 small). There are also 18 Huebsch dryers ensuring efficient operation. The business operates 12 hours daily, offering both self-service and drop-off options, contributing to its consistent revenue stream. A significant advantage is the remaining lease term: eight years left on a ten-year agreement, providing long-term stability. The monthly rent is $3,100, inclusive of real estate taxes, with a modest annual increase of $50. A security deposit is required. Operating expenses include, but are not limited to, insurance, taxes, electricity, fuel, water, machine maintenance, phone/internet, security system, and common charges, along with payroll. This established business is located in the Briarwood section of Jamaica, New York, offering a proven track record and significant potential for continued growth and profitability. The asking price is $198,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jamaica
- County
- Queens
- State
- New York
- Longitude
- -73.8181
- Latitude
- 40.7074
