3508 E State Hwy 20,Nice, CA 95464
Nice, CA 95464
Description
Established laundromat/retail space open for over 40 years! Commercial Investment Opportunity - Turnkey Laundromat + Real Highway 20 Frontage | High Traffic Location Rare opportunity to own a cash-flowing laundromat with real estate included, plus significant upside potential. Current Income: Approx. $6,000/month gross Estimated ~$46,000+ NOI Strong ~9% cap rate at asking price Property Features: Fully operational coin-operated laundromat All Dexter washers & dryers Recently remodeled building (refurbished machines) (~2 years ago) New roof Updated electrical Custom RGB LED signage Prime high-visibility location on Highway 20 Additional Income + Value-Add Opportunity: Retail rental space with stable tenants 2 bed / 2 bath home on-site Needs remodel (~$25K est.) Potential $1,300-$1,400/month
Details
| MLS # | LC26166501 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 40 |
| Listing Provided By | Konocti Realty | Hannah Wright |
Features
| SQ Feet | 1,396 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.30 |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Zero To One Unit Acre, Street Level |
Area Information
| State | CA |
|---|---|
| County | Lake |
| City | Nice |
| Zip Code | 95464 |
| Area | LCNIC Nice |
| Listing VS Median (in 95464) | |
Price: $449,000 low | high Med: $232,000 sqft: 1,396 low | high Med: 1,480 $ / sqft: $322 low | high Med: $159 On site: 40 low | high Med: 59 | |
Market Activity 95464
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Learn More About This Property
| State | CA |
|---|---|
| County | Lake |
| City | Nice |
| Zip Code | 95464 |
| Area | LCNIC Nice |
| Listing VS Median (in 95464) | |
Price: $449,000 low | high Med: $232,000 sqft: 1,396 low | high Med: 1,480 $ / sqft: $322 low | high Med: $159 On site: 40 low | high Med: 59 | |
