86Th AveJamaica, NY 11435

Property Details for 86Th Ave

Property size (Sq ft)

1,300 SF

Property type

Retail properties

Description

This thriving Briarwood laundromat presents a fantastic investment opportunity. The 1,300 square foot space houses a well-equipped laundry facility featuring 20 modern, high-capacity washers (Thoroughbred 600, approximately 3-4 years old) in a mix of large, medium, and small sizes (7 large, 6 medium, 7 small). There are also 18 Huebsch dryers ensuring efficient operation. The business operates 12 hours daily, offering both self-service and drop-off options, contributing to its consistent revenue stream. A significant advantage is the remaining lease term: eight years left on a ten-year agreement, providing long-term stability. The monthly rent is $3,100, inclusive of real estate taxes, with a modest annual increase of $50. A security deposit is required. Operating expenses include, but are not limited to, insurance, taxes, electricity, fuel, water, machine maintenance, phone/internet, security system, and common charges, along with payroll. This established business is located in the Briarwood section of Jamaica, New York, offering a proven track record and significant potential for continued growth and profitability. The asking price is $198,000.

Location Insight

City

Jamaica

County

Queens

State

New York

Latitude

40.7074

Longitude

-73.8181

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