37 Lucas Ave Kingston, NY 12401
- Investment properties
- 1,773 SF
- 0.13 lot acres
Current Use by Public Records
- Choice Laundromat / Laundromat
Property Details for 37 Lucas Ave
- Year built
- 1960
- Lot size
- 0.13 lot acres
- Property size
- 1,773 SF
- Zone code
- C-2
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 510800 48.330-2-17
- APU
- 51080048330217
Description
This exceptional opportunity presents a well-established laundromat in a prime Kingston, NY location at the corner of Lucas and Washington Avenues. The 1,773 square foot building sits on a 0.13-acre lot and boasts a loyal customer base, ensuring a consistent revenue stream. The business is a turnkey operation, ready for immediate ownership and profitability. The spacious, well-lit facility houses 21 high-efficiency washers and 25 dryers, maximizing operational efficiency and minimizing utility costs. Further enhancing revenue streams are integrated snack and drink vending machines, detergent vending, and two money card vending machines. A convenient drop-off laundry service adds another layer of customer convenience and income generation. Financial statements detailing income and expenses are available upon request, providing a transparent view of the business's financial health. The seller is committed to a smooth transition and offers valuable support and training to the new owner, ensuring a seamless takeover and continued success. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a thriving Kingston neighborhood. The property's high-traffic location and comprehensive service offerings position it for continued success and expansion.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Ulster
- State
- New York
- Longitude
- -74.0241
- Latitude
- 41.9334
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA
