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701 E Main Street

MILLVILLE, NJ 08332
  • $899,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: NJCB2016456
UPDATED: 60 min ago
$899,000
  • 0
    BEDS
  • 1.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1974
County:

School Ratings & Info

School District:

Description

COMBINATION OPERATING LAUNDROMAT, CAR WASH, and REAL ESTATE. VALUE ADD INVESTMENT OPPORTUNITY in MILLVILLE, NJ, LOCATED IN URBAN ENTERPRISE ZONE!The property, which includes both 701 E Main St and 701 Smith St, is strategically positioned on bustling Route 49, ensuring high visibility and heavy traffic. The Car Wash facilities include: 5 self-service cleaning bays, with 2 currently operational; 1 additional bay converted into a storage unit; 12 self-service vacuum stations; a well-built and maintained automatic tunnel, a significant asset that would cost nearly seven figures to replicate. The Laundromat Features: 33 washers, including 25 18lb washers, 4 50lb washers, 2 60lb washers, and 2 35lb washers, as well as 28 dryers to accommodate all laundry needs. Inside the Laundromat and in various locations around the self-service facilities you will find change machines, 2 vending machines, as well as laundry and car washing supplies for sale. What's more, the back of the laundromat boasts tons of storage, as well as two office spaces that could be used by the owner or rented out to another user. All of these offer more ways to create cashflow.Car wash services are currently priced at $7 per retail wash. Self-service bays are charged at $1.50 per 4 minutes of use. Self-service vacuum stations available at 75 cents for 4 minutes. Washer charges range from $2.25 to $6.25, catering to different load sizes. Dryer charges vary between $1.25 and $1.50 per cycle. All of these are customizable and are definitely able to be raised at every level without losing customers. The owner hasn't raised prices in years, which makes for a great opportunity for the next owner. The property also comes completely outfitted with a surveillance system and alarm system monitored and recorded 24/7.This is a classic value-add investment opportunity with room for service price adjustments, new signage, branding, website, and operational and logistical modernization. It is an established business with a loyal customer base, operated by the current owner for 40 years. Phenomenal growth potential in Millville, with new businesses and jobs on the horizon. Numerous avenues for a new owner to enhance and optimize operations, creating a lucrative venture.This property represents more than just a business; it's an investment in a community poised for growth. The 701 E Main/Smith St property is ready for a new owner to step in, capitalize and improve on decades of success, and elevate it to new heights. Current owner suggests 2 employees (one for the tunnel, the other to watch laundromat, vacuums, and bays) is all it takes to make this business absentee owner. Don't miss the chance to discuss property details, financials, and strategies for maximizing profits. Call now to explore the potential of turning this property into a profit machine. Seize the opportunity and be part of Millville's thriving future! Tax information in listing is based on combining assessments and bills for 701 E Main St and 701 Smith, both of which convey with the sale.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asif Qadir Group | RE/MAX Premiere Selections. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-01T21:52:35.233.
www.asifqadir.com/homes/146997504
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701 E Main Street MILLVILLE, NJ 08332

  • Price: $899,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 60 min ago
  • ID#: NJCB2016456
0
Beds
0
Baths
0
½ Baths
1.68
Acres
1974
Built
Neighborhood:
Millville City (20610)
County:
Cumberland
Area:
Millville City (20610)
School District:
Millville Area
Property Description
COMBINATION OPERATING LAUNDROMAT, CAR WASH, and REAL ESTATE. VALUE ADD INVESTMENT OPPORTUNITY in MILLVILLE, NJ, LOCATED IN URBAN ENTERPRISE ZONE!The property, which includes both 701 E Main St and 701 Smith St, is strategically positioned on bustling Route 49, ensuring high visibility and heavy traffic. The Car Wash facilities include: 5 self-service cleaning bays, with 2 currently operational; 1 additional bay converted into a storage unit; 12 self-service vacuum stations; a well-built and maintained automatic tunnel, a significant asset that would cost nearly seven figures to replicate. The Laundromat Features: 33 washers, including 25 18lb washers, 4 50lb washers, 2 60lb washers, and 2 35lb washers, as well as 28 dryers to accommodate all laundry needs. Inside the Laundromat and in various locations around the self-service facilities you will find change machines, 2 vending machines, as well as laundry and car washing supplies for sale. What's more, the back of the laundromat boasts tons of storage, as well as two office spaces that could be used by the owner or rented out to another user. All of these offer more ways to create cashflow.Car wash services are currently priced at $7 per retail wash. Self-service bays are charged at $1.50 per 4 minutes of use. Self-service vacuum stations available at 75 cents for 4 minutes. Washer charges range from $2.25 to $6.25, catering to different load sizes. Dryer charges vary between $1.25 and $1.50 per cycle. All of these are customizable and are definitely able to be raised at every level without losing customers. The owner hasn't raised prices in years, which makes for a great opportunity for the next owner. The property also comes completely outfitted with a surveillance system and alarm system monitored and recorded 24/7.This is a classic value-add investment opportunity with room for service price adjustments, new signage, branding, website, and operational and logistical modernization. It is an established business with a loyal customer base, operated by the current owner for 40 years. Phenomenal growth potential in Millville, with new businesses and jobs on the horizon. Numerous avenues for a new owner to enhance and optimize operations, creating a lucrative venture.This property represents more than just a business; it's an investment in a community poised for growth. The 701 E Main/Smith St property is ready for a new owner to step in, capitalize and improve on decades of success, and elevate it to new heights. Current owner suggests 2 employees (one for the tunnel, the other to watch laundromat, vacuums, and bays) is all it takes to make this business absentee owner. Don't miss the chance to discuss property details, financials, and strategies for maximizing profits. Call now to explore the potential of turning this property into a profit machine. Seize the opportunity and be part of Millville's thriving future! Tax information in listing is based on combining assessments and bills for 701 E Main St and 701 Smith, both of which convey with the sale.
Exterior Features

Construction Materials BlockOther Garage YN No Location Type Downtown Lot Features Road Frontage Other Equipment Negotiable Parking Types Parking Lot Riparian Rights YN No View CityStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4164.00 Cooling Central A/C Exclusions All other auxiliary equipment or machinesincluding bobcatand items in the 6th bay storageare property of the owner. Buyer can make secondary offer on those items if they would like. Heating OtherForced Air Heating YN Yes Inclusions All equipment necessary to run the operations at the Laundromat and Car Wash. Net Square Feet 4164.00 Security Features 24 hour securityExterior CamerasMonitoredSecurity SystemSurveillance Sys

Property Features

Acceptable Financing CashConventionalOther Accessibility Features No Stairs Assessment Year 2022 Business Type Car Wash/Truck WashOther Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality MILLVILLE CITY Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802835297370 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 13318.43 Tax Assessment Amount 342200.00 Tax Lot 00001 Vacation Rental YN No Water Source Public Zoning NC Zoning Description Neighborhood Commercial Zone.

Listing courtesy of DePalma Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asif Qadir Group | RE/MAX Premiere Selections. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-01T21:52:35.233.
 
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