For Sale
$650,000

102 Walton StWillard, OH 44890

Profitable laundromat, 0.49 acres, high cap rate.

Overview

Added:
Feb 3
Days on market:
61
This exceptional business opportunity presents a well-established, 40-year-old family-run laundromat located on a high-traffic commercial corridor of US Route 224 in Willard, Ohio. Spanning 5,605 square feet on a nearly half-acre lot (0.49 acres), this turnkey operation boasts a strong 10% capitalization rate based on a two-year average, with significant growth potential. The sale includes all real estate and equipment, encompassing 36 gas dryers and 46 electric washers, an ATM, a coin machine, and a convenient PayRange app-based payment system. A substantial 1,520 square feet of cold storage space is situated at the rear, presenting an ideal opportunity for expansion into complementary businesses, such as table, chair, and tent rentals. Recent upgrades enhance the property's efficiency and appeal, including new windows on the back side (2023), new exterior doors (excluding the main aluminum door), two new mini-split HVAC units, three HVAC heating unit replacements (2021), an annually inspected hot water boiler, and energy-efficient LED lighting (AEP 2021). Durable construction features include metal siding, a steel roof, and heavy-duty machines anchored in concrete. Additional storage is available in the second-floor attic. A two-bedroom apartment on the second floor generates supplemental income with a month-to-month lease at $650 per month, inclusive of utilities (water and electric). The property comprises three parcels. Detailed financial information is available upon execution of a non-disclosure agreement.

Property Details for 102 Walton St

Property type
Investment properties
Square Feet
5,605 SF
Year Built
1950
Lot Size (sq. ft)
21,344 SF

Location Insight

City
Willard
County
Huron
State
Ohio
Latitude
41.04298
Longitude
-82.72713
102 Walton St, Willard, Ohio

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102 Walton St
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