1856 37th St Florence, OR 97439-8925
This exceptional investment opportunity encompasses a thriving commercial portfolio in Florence, Oregon, presenting a unique blend of established businesses and residential real estate. The core of this offering is a highly successful, family-owned coin laundry and shower facility (37th St Coin Laundry & Showers, 1696 sq ft), boasting a loyal customer base and prime location within a densely populated area (zip code 97439, population 15,634). Its strategic positioning near numerous lakes and campgrounds ensures consistent high volume, particularly during peak seasons. This laundromat is complemented by a well-established deli and espresso bar (Linda Did It Deli and Espresso, 1504 sq ft), operating for over 25 years and offering a full-service menu. Both businesses are turnkey operations, with all furnishings, equipment, and fixtures included. Further enhancing the investment potential is a two-story building (3670 Hwy 101) comprising a rented 720 sq ft apartment and a 2128 sq ft office space currently leased to Ron's Paint. Finally, a charming 936 sq ft, three-bedroom, one-bathroom home (1890 37th St) on a 0.28-acre lot with a large enclosed deck completes this package. This property offers convenient access to the laundry and deli, and is currently owner-occupied. The sale includes three distinct addresses and four tax lots, totaling 6,984 sq ft on a 0.18-acre lot, representing a rare opportunity to acquire a substantial and diverse commercial and residential holding. The asking price is $2,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
H-HIGHWAY DISTRICT · Florence, ORFlorence. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.