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20 Laurel Ave 1,568 SF Retail Building Northport, NY 11768 $1,350,000 ($860.97/SF) 8.27% Cap Rate
Investment Highlights
- Successful Business
- Mixed Use Property
- Village of Northport
Executive Summary
For Sale – Mixed-Use Building with Established Laundromat Business
List Price: $1,500,000; Location: Minutes from Northport Village;
Exceptional opportunity to own a fully operational self-serve Laundromat and income-producing residential unit in a highly visible, well-trafficked location.
First Floor – Laundromat Business: 22 commercial-grade washing machines; 16 high-capacity dryers; Wash & Fold Service; Vending Machine & Coffee Center;
Clean, modern, and efficiently operated; Turnkey business included in sale
Second Floor – Residential Apartment: 3 spacious bedrooms; Large eat-in kitchen; Comfortable living room; Full bathroom
Ideal for owner-occupant or added rental income
Additional Highlights:
Private entrance for apartment
Full basement – excellent storage potential
List Price: $1,500,000; Location: Minutes from Northport Village;
Exceptional opportunity to own a fully operational self-serve Laundromat and income-producing residential unit in a highly visible, well-trafficked location.
First Floor – Laundromat Business: 22 commercial-grade washing machines; 16 high-capacity dryers; Wash & Fold Service; Vending Machine & Coffee Center;
Clean, modern, and efficiently operated; Turnkey business included in sale
Second Floor – Residential Apartment: 3 spacious bedrooms; Large eat-in kitchen; Comfortable living room; Full bathroom
Ideal for owner-occupant or added rental income
Additional Highlights:
Private entrance for apartment
Full basement – excellent storage potential
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,568 SF
Building Class
C
Year Built
1998
Price
$1,350,000
Price Per SF
$860.97
Cap Rate
8.27%
NOI
$111,700
Tenancy
Single
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.12 AC
Zoning
R8.5
Parking
2 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
25’ on Laurel Ave
Nearby Major Retailers
Property Taxes
| Parcel Number | 0404-010-00-04-00-039-000 | Improvements Assessment | $3,500 |
| Land Assessment | $200 | Total Assessment | $3,700 |
Property Taxes
Parcel Number
0404-010-00-04-00-039-000
Land Assessment
$200
Improvements Assessment
$3,500
Total Assessment
$3,700
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20 Laurel Ave
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