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Fresh Coast Laundry - Laundromat 1921 Virginia Ave 2,106 SF Retail Building North Bend, OR 97459 $4,101,150 CAD ($1,947.36 CAD/SF) 7% Cap Rate
Executive Summary
Two state-of-the-art laundromats located in the largest city on the Oregon coast. These well-maintained facilities are stand-alone buildings with newer Dexter equipment, updated plumbing, and brand new FasCard payment platforms.
- 1921 Virginia Ave North Bend - 2100sqft with 21 Dexter washers ranging from 20lb to 90lb and 12 dual-pocket Dexter dryers 30 and 50lb.
- 693 Central Ave Coos Bay - 1800sqft with 17 Dexter washers ranging from 20lb to 90lb and 10 dual-pocket Dexter dryers 30 and 50lb.
A third location 20 minutes to the North in the city of Reedsport is also available as part of this sale to a potential buyer.
- 320 N 14th Street Reedsport - 2000sqft with 21 dexter washers and 12 dual-pocket Dexter dryers.
This facility is a mirror image of the North Bend location with gross income coming in between the Coos Bay/North Bend locations. Additional location priced at $900,000. Sale price for all three locations is 3.9M.
- 1921 Virginia Ave North Bend - 2100sqft with 21 Dexter washers ranging from 20lb to 90lb and 12 dual-pocket Dexter dryers 30 and 50lb.
- 693 Central Ave Coos Bay - 1800sqft with 17 Dexter washers ranging from 20lb to 90lb and 10 dual-pocket Dexter dryers 30 and 50lb.
A third location 20 minutes to the North in the city of Reedsport is also available as part of this sale to a potential buyer.
- 320 N 14th Street Reedsport - 2000sqft with 21 dexter washers and 12 dual-pocket Dexter dryers.
This facility is a mirror image of the North Bend location with gross income coming in between the Coos Bay/North Bend locations. Additional location priced at $900,000. Sale price for all three locations is 3.9M.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,106 SF
Building Class
C
Year Built
1963
Price
$4,101,150 CAD
Price Per SF
$1,947.36 CAD
Cap Rate
7%
NOI
$287,081 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
C-G - designates areas for a wide range of retail, service, and office uses, typically located along major streets or in regional centers
Frontage
176’ on Virginia Avenue
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $699,718 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$699,718 CAD
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Fresh Coast Laundry Works LLC
Fresh Coast Laundry - Laundromat | 1921 Virginia Ave
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