78-80 Genesee St 5,648 SF 100% Leased Retail Building Avon, NY 14414 $900,000 ($159.35/SF) 13.88% Cap Rate

This Offering includes the Econo-Wash Laundromat and 7 Apartment Units. Econo-Wash has been in Business for the past 65 Yrs. with the same ownership and is the only Laundromat within a 5 mile radius. This Opportunity offers exceptional Value-Add Opportunity for an experienced operator. All of the equipment is owned, no leasing plan from suppliers. There is tremendous potential to expand services and increase Gross Sales to Industry metrics. There is additional space to the rear of space that can accommodate additional services.
There are 7 One Bdrm Apartments that are considered under market rate.
Exterior is in excellent condition, roof is approximately 7 yrs. old, new storefront facade windows.
Laundromat pays for all water service at the building.
Municipal Parking Lot and Street Parking
*NOI Proforma based for Real Estate is $75,000/yr.
*Financials displayed here include the OPEX of the Laundromat minus discretionary expenses retained by Ownership Entity of Business-NOI est. at $50,000/yr.
*The Laundromat Business must Convey with the Real Estate and List Price includes Econo-Wash operating entity.
*30-50 Genesee Street is also For Sale and can be purchased separately or together- LP: $675,000. It is a 4 unit Office/Retail and 3 Ap't Mixed Use Bldg.
Existing Financials are available after execution of NDA.