19 5th W Ave Lisbon, ND 58054-4158

Property Details for 19 5th W Ave

Property type

Commercial land

APN

28-4918010

APU

284918010

Description

This exceptional investment opportunity presents a thriving laundromat in Lisbon, North Dakota, the only one within a 70-mile radius. The 1,512 square foot property, built in 1975 and situated on a 0.12-acre lot at 19 5th Ave W, Lisbon, ND 58054, is currently 100% occupied. The building is a unique blend of commercial uses, with half dedicated to a highly successful laundromat and the other half available as office space. The laundromat features eight new washers and eight new dryers, including four large-capacity dryers and two large-capacity washers, all equipped with coin and Bluetooth payment options. Over $50,000 has been invested in equipment and upgrades within the last two years, including a new change machine, vending machine, and LED lighting. The asking price is $160,000, translating to $105.82 per square foot. The property is offered as a Triple Net (NNN) lease, with multi-tenancy. This presents a rare opportunity to acquire a turnkey, high-performing business with significant growth potential, either continuing the existing operation or exploring alternative uses for the office space, such as conversion to residential units. The property's prime location ensures high visibility and consistent customer traffic. This is a strong cash-flowing asset with a proven track record.