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140 S Grand Mesa Drive

Cedaredge, CO 81413
  • $395,000
  • STATUS: Active
  • ON SITE: 257 Days
  • MLS #: 807835
$395,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,638
    SQFT
  • $241
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1962
County:

School Ratings & Info

Listing courtesy of Better Tomorrow Real Estate, LLC: 970-209-1544.


Description

Commercially Successful Business with a Cap Rate of over 7.9%. This is a great opportunity to own and operate a successful, turn-key laundromat business as well as an excellent real estate opportunity along Highway 65 in downtown Cedaredge. Cedar Suds Laundry is a well maintained coin operated unattended laundromat. For sale is the real estate and business that in addition to the business space includes a 2 bed/1 bath apartment in the back of the building. The apartment is currently rented for $900/month. The laundromat was remodeled with new commercial flooring, paint, and lights in 2022. Both a motion detection security system is in place (maintained by Peak Alarm) and a camera video/audio surveillance system and DVR (independently installed and maintained) are in place for the laundromat business. Both can be controlled on-site or remotely via apps. Vending machines are available for customer purchases. A half bathroom for customer use is located at the back of the facility. There is a middle room between the apartment and laundromat which is currently used to house supplies for the business but which could be used for an attendant or developed for a wash/dry/fold service. All equipment is included with the sale. Cedar Suds Laundry is the only commercial laundromat in Cedaredge and draws customers from Delta City, Orchard City, Cedaredge, and Grand Mesa. More complete financials are available for serious buyers. The cozy and updated apartment was remodeled with new LVT flooring and paint in 2020. The apartment includes a refrigerator, stove, and window A/C unit. The apartment has a separate entrance accessed through an alleyway which includes 2 off-street parking spaces. It is in sight of the Grand Mesa Arts and Events Center and Cedaredge Mainstreet. It includes a small yard that is fenced with 6 wood pickets for privacy with stone decorative paving around the small porch. Laundromats were considered essential businesses during the pandemic, have a high success rate, and wide customer bases.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-25T23:56:53.097.
www.destinationdro.com/homes/143282587
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140 S Grand Mesa Drive Cedaredge, CO 81413

  • Price: $395,000
  • Status: Active
  • On Site: 257 Days
  • MLS #: 807835
0
Beds
1
Baths
0
½ Baths
0.1
Acres
1,638
SQFT
$241
$/SQFT
1962
Built
Neighborhood:
Surface Creek
County:
Delta
Area:
Surface Creek
Property Description
Commercially Successful Business with a Cap Rate of over 7.9%. This is a great opportunity to own and operate a successful, turn-key laundromat business as well as an excellent real estate opportunity along Highway 65 in downtown Cedaredge. Cedar Suds Laundry is a well maintained coin operated unattended laundromat. For sale is the real estate and business that in addition to the business space includes a 2 bed/1 bath apartment in the back of the building. The apartment is currently rented for $900/month. The laundromat was remodeled with new commercial flooring, paint, and lights in 2022. Both a motion detection security system is in place (maintained by Peak Alarm) and a camera video/audio surveillance system and DVR (independently installed and maintained) are in place for the laundromat business. Both can be controlled on-site or remotely via apps. Vending machines are available for customer purchases. A half bathroom for customer use is located at the back of the facility. There is a middle room between the apartment and laundromat which is currently used to house supplies for the business but which could be used for an attendant or developed for a wash/dry/fold service. All equipment is included with the sale. Cedar Suds Laundry is the only commercial laundromat in Cedaredge and draws customers from Delta City, Orchard City, Cedaredge, and Grand Mesa. More complete financials are available for serious buyers. The cozy and updated apartment was remodeled with new LVT flooring and paint in 2020. The apartment includes a refrigerator, stove, and window A/C unit. The apartment has a separate entrance accessed through an alleyway which includes 2 off-street parking spaces. It is in sight of the Grand Mesa Arts and Events Center and Cedaredge Mainstreet. It includes a small yard that is fenced with 6 wood pickets for privacy with stone decorative paving around the small porch. Laundromats were considered essential businesses during the pandemic, have a high success rate, and wide customer bases.
Exterior Features

Acreage Range Less than 1/2 Carport No Lot Dimension .10 Sewer Public Sewer Installed Stories 1 Street Description City/Town Water Tap Installed PaidWater Installed Water Well No Waterfront YN No

Interior Features

Cooling Type OtherWindow A/C Unit(s) Finished Sq Ft 1638 Flooring CarpetConcreteLaminateOther Heating Fuel Source Natural Gas Heating System Forced AirOther One Quarter Baths 1 Total Offices 0

Property Features

Available Utilities ElectricInternetNatural GasWater Books Available Yes Cam No Cap Rate Percent 7.73 Covenants NO Current Business Laundromat and Apartment Current Use Mixed UseOther Disclosures Seller's Prop Disclosure Documents On File Equipment List Exchange Trade No Existing Utilities ElectricInternetNatural Gas Fixtures Included Yes Inventory Included Yes Landlord Pays Building InsuranceElectricGasReal Estate TaxesSewer/WaterSite Maintenance (Prop) Lease Included No New Construction YN No Owners Association No Possible Property Use Mixed-UseOther Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2023 Total Electric Meters 1 Total Gas Meters 1 Total Taxes 2398.88 Total Water Meters 1 Type Business Opp Available Variable Rate Yes Water Rights No Zoning Type BusinessMixed Use

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-25T23:56:53.097.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Better Tomorrow Real Estate, LLC: 970-209-1544.