Property summary
This exceptional investment opportunity in Cleveland, AL, presents a rare chance to acquire a thriving dual-business property situated on a 0.9-acre lot. The main business, a highly successful 24-hour coin-operated laundromat, boasts approximately 2,500 square feet of space. Equipped with modern, three-year-old washers and dryers, the laundromat maintains a clean and well-maintained environment, featuring bright lighting, a public restroom, ample workspace with folding tables and rolling baskets, and vending machines for added revenue. This established business averages $7,000 in monthly revenue and enjoys a monopoly in its immediate area. The second space, formerly an outdoor equipment store, offers approximately 5,133 square feet of indoor space with an additional 5,567 square feet of rear storage, providing significant flexibility for a variety of business ventures. This area includes good lighting, existing shelving, and a fenced outdoor area. The property's prime location and the combined income potential of the two businesses make this a truly unique and lucrative investment opportunity. The property is priced at $475,000.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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(Bike/Boat/Book/etc) Store Garden Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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