2020 Maltby RdBothell, WA 98021

Property Details for 2020 Maltby Rd

Year built

2000

Construction

TYPE NOT SPECIFIED

Lot size

2.16 AC

Property size (Sq ft)

26,191 SF

Zone code

B2

Property type

Retail properties

Property subtype

Retail space

APN

27052000303800

APU

27052000303800

Description

This exceptional business opportunity presents the chance to acquire a well-established dry cleaning business in the vibrant city of Bothell, Washington. Located near the bustling Thrasher's Corner shopping center, this iconic dry cleaner has served the Bothell community and surrounding areas for 25 years, building a loyal customer base and strong brand recognition. The owner, retiring after a successful quarter-century, is offering a complete turnkey operation, including all equipment – fully paid for and in excellent condition. This presents a significant advantage, eliminating the need for substantial upfront capital investment in new machinery. The sale includes comprehensive hands-on training and mentoring from the current owner, ensuring a smooth transition and continued success. This is a rare opportunity to step into a profitable, established business with a proven track record and significant growth potential. The business is currently operating at a high level and is ready for immediate takeover. The location benefits from high visibility and convenient access, ensuring continued customer traffic. This is an ideal acquisition for an experienced entrepreneur seeking a profitable venture or a first-time business owner looking for a well-established platform for success. The absence of significant debt associated with the equipment represents a substantial financial benefit, allowing for immediate profitability and the potential for future expansion. Don't miss this chance to own a piece of Bothell's business history.

• CAP approach

  CAP return

  Valuation

  6%

  $10,384,997

  6.5%

  $9,586,152

  7%

  $8,901,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,062,638

  Geo Method

  $12,710,534

• Alternative Use

  Use

  Valuation

  Residential

  $8,086,278

  Hospitality

  $7,406,986

  Educational

  $6,162,526

  Medical

  $6,374,464

  Retail

  $9,586,152

Location Insight

City

Bothell

County

Snohomish

State

Washington

Latitude

47.8088

Longitude

-122.206

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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