Property Detail

Description

Commercial Real Estate with Included Operating Businesses Rare opportunity to acquire a neighborhood commercial property together with two long-established operating businesses in a single transaction. The offering includes the underlying real estate, the seller's ownership interest in the existing coin laundromat and neighborhood market businesses, and substantially all associated furniture, fixtures, equipment, trade fixtures, and business assets utilized in their operation. The approximately 6,720 SF commercial building is situated on an approximately 13,835 SF parcel and is currently configured with four functional areas consisting of a coin laundromat, neighborhood market, barber shop, and an approximately 1,185 SF vacant suite providing immediate lease-up or owner-user potential. This offering presents multiple strategies for future ownership. Continue operating the existing businesses, transition operations to third-party managers, sell one or both businesses while retaining ownership of the real estate, negotiate new leases with business operators, lease the vacant suite, or reposition the property for long-term investment. The neighborhood market has operated under current ownership since 2002, while the coin laundromat has served the surrounding community for more than 30 years, reflecting a long-established neighborhood presence. A third-party barber shop provides current rental income while the vacant suite offers additional lease-up potential. The sale includes substantially all furniture, fixtures, equipment, trade fixtures, and business assets owned by Seller and utilized in the operation of the market and laundromat. A detailed equipment inventory is available upon request. This is an exceptional opportunity for investors, owner-users, and operators seeking a flexible commercial asset with included operating businesses and multiple avenues for future value creation. The operating businesses are included in the sale. No separate allocation of the purchase price is being made between the real estate and the operating businesses. Prospective purchasers are encouraged to independently verify all business operations, equipment, inventory, financial information, and other matters during their due diligence.