105 Derby Ave New Haven, CT 06511

This exceptional investment opportunity presents a thriving laundromat business and accompanying retail storefront located at 105 Derby Ave, New Haven, CT 06511. The 2,563 square foot building, constructed in 1970 and extensively renovated in 2019, sits on a 0.46-acre lot and boasts 15 parking spaces. Currently operating as a successful laundromat, the property generates a substantial annual gross income of $187,200. The laundromat features high-end stainless steel, heavy-duty washers and dryers, catering to a densely populated neighborhood just one mile from Yale University. Adding to the income stream, a 500+ square foot restaurant kitchen is leased to a takeout business. The property's strong financial performance is reflected in its impressive 11.01% cap rate and a Net Operating Income (NOI) of $148,676. Expenses include property taxes ($12,884), gas ($8,040), electricity ($8,220), water ($3,720), dumpster service ($1,800), landscaping/snow removal ($600), and insurance ($3,260). The property is zoned BA, offering potential for future expansion or alternative uses. This turnkey operation presents a rare opportunity to acquire a profitable, established business with significant upside potential. The combination of a strong-performing laundromat and additional rental income makes this a compelling investment in a desirable location.