For Sale
$399,000

1235 Mineral Wells HwyWeatherford, TX 76086

Profitable Laundromat, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
117
This fully operational laundromat in Weatherford, Texas, presents a unique owner-user or investment opportunity. Located at 1235 Mineral Wells Hwy, 76086, this 1,500 square foot, single-story building sits on a 0.256-acre lot and boasts a 100% occupancy rate. Completely renovated in 2023, the property features newly installed HVAC, LED lighting, ceiling fans, fresh interior and exterior paint, a new change machine, a state-of-the-art 24-hour HD video security system, new folding tables, and large all-gas dryers. The building, constructed in 1971, is zoned for commercial use and offers significant potential for expansion due to its prime location and established clientele. The asking price is $399,000, representing a price per square foot of $266. Financial information, including Profit & Loss statements, is available upon request. This turnkey operation includes the property, building, and all business assets. The current Net Operating Income (NOI) is $2,500, resulting in a 0.63% cap rate. This is an exceptional opportunity to acquire a profitable, established business with significant upside potential.

Highlights

  • Turnkey laundromat business and real estate included in sale.
  • Fully equipped and operational laundromat.
  • Currently owner-operated; financials available upon request.

Property Details for 1235 Mineral Wells Hwy

Property type
Retail properties, Retail space
Square Feet
1,500 SF
Class
C
Year Built/Renovated
1971/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
11,151 SF

Location Insight

City
Weatherford
County
Parker
State
Texas
Latitude
32.759070149691
Longitude
-97.817566730327
1235 Mineral Wells Hwy, Weatherford, Texas

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1235 Mineral Wells Hwy
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