4724 Maxwell Ave El Paso, TX 79904-1418
Exceptional opportunity to acquire a well-established laundromat in El Paso, Texas. This 2,585 square foot facility, built in 1998, sits on a half-acre lot in a high-traffic area, just a block from Dye in northeast El Paso. The laundromat features 38 washers and 30 dryers, catering to a significant local need. The property includes a dedicated owner's office, handicapped-accessible restrooms, ample storage, and a children's play area, enhancing customer experience. Security is ensured with multiple cameras. Amenities include large-screen TVs, a stereo system, vending machines for laundry supplies, a change machine, and plentiful parking with designated handicapped spaces. The property also includes prominent signage. The building is zoned C3 and is offered at $550,000, representing a price per square foot of $212.77. This is a turnkey operation ready for immediate ownership. The property is freehold, not a ground lease.
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Rainwater Laundromat (Bike/Boat/Book/etc) Store
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ATM Machine at Rainwater Laundromat Atm
"C-3" Commercial District Regional Commercial Districts "C-4" Commercial District "C-5" Central Business District C. Industrial and Manufacturing Districts. Light Industrial Districts "M-1" Light Manufacturing District Heavy Industrial Districts "Q" Quarry District "M-2" Heavy Manufacturing District "M-3" Unrestricted Manufacturing District D. Special Purpos…
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
C-3 · El Paso, TX"C-3" Commercial District Regional Commercial Districts "C-4" Commercial District "C-5" Central Business District C. Industrial and Manufacturing Districts. Light Industrial Districts "M-1" Light Manufacturing District Heavy Industrial Districts "Q" Quarry District "M-2" Heavy Manufacturing District "M-3" Unrestricted Manufacturing District D. Special Purpose Districts. "R-F" Ranch and Farm District "PMD" Planned Mountain Development District "S-D" Special Development District "U-P" Union Plaza District "P-R I" Planned Residential District I "P-R II" Planned Residential District II "P-C" Planned Commercial District "P-I" Planned Industrial District "SRR" Special Residential Revitalization District "R-MU" Residential Mixed Use District "G-MU" General Mixed Use District "I-MU" Industrial Mixed Use District "NOS" Natural Open Space District "URD" Urban Reserve District (Ord. 16653 § 2 (part), 2007) (Ord. No. 17306, § 2, 4-6-2010; Ord. No. 17547, § 1, 5-3-2011) 20.06.020 - Purpose of districts. A. Residential Districts. 1. Light Residential Districts. The purpose of these districts is to promote and preserve residential development within the city to create basic neighborhood units. It is intended that the district regulations maintain a low density of dwelling units supporting a suburban-urban interface that permits developments utilizing varying lot configurations. The regulations of the districts will permit primarily single-family and two-family residential areas, and recreational and institutional uses incidental to and serving the neighborhood. 2. Medium Residential Districts. The purpose of these districts is to promote and preserve residential development within the city associated with a landscape more urban in appearance and permitting a mixture of housing types. It is intended that the district regulations allow for medium densities of dwelling units supported by higher intensity land uses located at the periphery of single-family neighborhoods providing that the overall character and architectural integrity of the neighborhood is preserved. The regulations of the districts will permit building types designed for transition from areas of low density residential neighborhoods to other residential areas, and certain nonresidential uses and support facilities. 3. High Residential Districts. The purpose of these districts is to promote and preserve a diversity of residential dwelling types at the highest densities within the city and to provide for the integration of compatible business and professional office uses to complement the areas.
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.
