Buy Building with Laundromat Ownership and Restaurant with Tenant

Shelburne, MA (Franklin County)

Building Front

Asking Price:$375,000

Gross Revenue:$142,000

Price/Sq. Ft.:$139.00

NOI:$48,000

Building Sq. Ft.:2,700

FF&E:$50,000

Year Built:2008

Buy Building with Laundromat Ownership and Restaurant with Tenant

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Property Description

Own the Building, own the Laundromat, collect rent from tenant

Great location, lots of parking, solid building with new addition, (original building built in 1930-40), new roof, new boiler, new clapboard, new paint, new floors, and more!!! Successful Laundromat which buyer will own and run, successful restaurant which buyer will collect rent from tenant on one year lease - full ownership possible after lease expires. Current tenant owns all internal equipment. Possible energy efficiency upgrades such as solar power on fully exposed flat roof.

Detailed Information

Type:
Other Business Real Estate
Building Sq. Ft.:
2,700
Building Status:
Permitted
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Coin-operated laundromat has 18 washers 8 new, 8 excellent condition, 2 for parts. 9 stack dryers - 2 new, 7 well maintained and running well. Comfortable office, internet both hard wire and wireless (for customers),sitting room, storage closet, bathroom. Restaurant with tenant with one year lease.
Financing:
All tax forms available for last 13 years. Seller Financing NOT AVAILABLE.
Reason for Selling:
Retiring and want to travel
Current Property Expenses:
Basic billing - laundromat propane ($10,00 per yr) and electricity.$3600. Real Estate Taxes ($2359.34), water ($2600)r, sewer $5000).
Location Description:
Shelburne Falls is a historic landmark town in the foothills of the Berkshires. In Franklin County, Western Massachusetts the only laundromat within 10 miles to the east (Greenfield, MA) and 25 miles to the west (North Adams).
Current and Prior Use:
Building was a gas station prior to reconstruction. The only restriction is that this buiilding cannot be residential.

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Property Listed By:
Jessica Murrow

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