625-627 Springfield Ave 2,000 SF Retail Building Newark, NJ 07103 $934,241 CAD ($467.12 CAD/SF) 11.94% Cap Rate

Exceptional opportunity to acquire both the real estate and a well-established, family-owned laundromat business. Sold together, this turnkey operation offers stable income with future growth potential.The well-maintained laundromat features 23 washers, including several high-capacity machines accommodating up to 60 pounds, and 20 dryers. In addition to self-service laundry, the business offers wash-and-fold service by the pound. Previous pickup and delivery services have been discontinued, presenting an opportunity for a new owner to reintroduce the service and increase revenue.Recent improvements include newer heating and air conditioning systems (2025), a new coin change machine, newer basement hot water heater, and newer basement access door. Additional income sources include an ATM, snack vending machine, and beverage vending machine.Ideally located in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 is located directly in front of the property, helping drive consistent customer traffic. Ample street parking adds further convenience.Current business hours are Monday-Friday 8:00 AM-8:00 PM and Saturday-Sunday 7:00 AM-8:00 PM. Financials available upon request.A rare opportunity to own a profitable, necessity-based business and the underlying real estate with established operations, recent upgrades, and upside potential.