For Sale
$650,000

102 Walton StWillard, OH 44890

Profitable laundromat, 5,605 sq ft

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property in Willard, Ohio, presents a lucrative investment opportunity. The 5,605-square-foot building, constructed in 1950, sits on a 0.49-acre lot and boasts a well-established, 40-year-old family-run laundromat business. The sale includes all real estate and equipment, featuring 36 gas dryers and 46 electric washers, an ATM, a coin machine, and a PayRange app-based payment system. A significant advantage is the 1,520-square-foot cold storage space, ideal for expansion or a secondary business venture. Recent upgrades include new windows (2023), exterior doors (excluding the main entrance), two new mini-split HVAC units, three HVAC heating unit replacements (2021), updated LED lighting (2021), metal siding, a steel roof, and robust, concrete-anchored washing machines. The property also includes a two-bedroom, second-floor apartment currently leased month-to-month for $650, utilities included. The property consists of three parcels and is served by three-phase electric. Financial details are available upon request with a signed non-disclosure agreement. Located on the US Route 224 commercial corridor, this property offers a 10% cap rate (based on a two-year average) with significant growth potential.

Highlights

  • $650,000 asking price for this mixed-use property.
  • 5,605 square feet on a 0.49-acre lot.
  • Includes a 40-year-old, profitable laundromat business with all equipment.
  • Features 36 gas dryers and 46 electric washers, plus an ATM and coin machine.
  • Offers a 1,520 square foot cold storage area with potential for expansion.

Property Details for 102 Walton St

Property type
Mixed-use properties
Square Feet
5,605 SF
Year Built
1950
Buildings
1
Stories
2
Lot Size (sq. ft)
21,344 SF

Location Insight

City
Willard
County
Huron
State
Ohio
Latitude
41.0430188
Longitude
-82.7271179
102 Walton St, Willard, Ohio

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102 Walton St
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