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Fresh Coast Laundry - Laundromat 1921 Virginia Ave 2,106 SF Retail Building North Bend, OR 97459 $3,000,000 ($1,424.50/SF) 7% Cap Rate
Executive Summary
Two state-of-the-art laundromats located in the largest city on the Oregon coast. These well-maintained facilities are stand-alone buildings with newer Dexter equipment, updated plumbing, and brand new FasCard payment platforms.
- 1921 Virginia Ave North Bend - 2100sqft with 21 Dexter washers ranging from 20lb to 90lb and 12 dual-pocket Dexter dryers 30 and 50lb.
- 693 Central Ave Coos Bay - 1800sqft with 17 Dexter washers ranging from 20lb to 90lb and 10 dual-pocket Dexter dryers 30 and 50lb.
A third location 20 minutes to the North in the city of Reedsport is also available as part of this sale to a potential buyer.
- 320 N 14th Street Reedsport - 2000sqft with 21 dexter washers and 12 dual-pocket Dexter dryers.
This facility is a mirror image of the North Bend location with gross income coming in between the Coos Bay/North Bend locations. Additional location priced at $900,000. Sale price for all three locations is 3.9M.
- 1921 Virginia Ave North Bend - 2100sqft with 21 Dexter washers ranging from 20lb to 90lb and 12 dual-pocket Dexter dryers 30 and 50lb.
- 693 Central Ave Coos Bay - 1800sqft with 17 Dexter washers ranging from 20lb to 90lb and 10 dual-pocket Dexter dryers 30 and 50lb.
A third location 20 minutes to the North in the city of Reedsport is also available as part of this sale to a potential buyer.
- 320 N 14th Street Reedsport - 2000sqft with 21 dexter washers and 12 dual-pocket Dexter dryers.
This facility is a mirror image of the North Bend location with gross income coming in between the Coos Bay/North Bend locations. Additional location priced at $900,000. Sale price for all three locations is 3.9M.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,106 SF
Building Class
C
Year Built
1963
Price
$3,000,000
Price Per SF
$1,424.50
Cap Rate
7%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C-G
Frontage
176’ on Virginia Avenue
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $511,845 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$511,845
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Presented by
Fresh Coast Laundry Works LLC
Fresh Coast Laundry - Laundromat | 1921 Virginia Ave
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