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Shopping Strip

Pizen Switch Laundry Mat & Car Wash

200 W Goldfield Ave, Yerington, NV 89447

Listing Price: $750,000

Cap Rate
5.60%
Gross SF
2,661
Rentable SF
2,661
Price/Gross SF
$281.85
Lot Size
0.50 acres
Year Built
1986

Investment Overview

The subject property consists of a 1,960 square-foot laundromat and a 1,100 square-foot car wash situated on a 0.50 acre lot in Yerington, Nevada. The property is located at the intersection of West Goldfield Avenue (Highway 95) and Pizen Switch Road, and has excellent ingress and egress from both roads. This offering includes both the business and real estate, and is set up to be operated with minimal management. Originally constructed in 1986, this property has successfully operated as a car wash and laundromat for decades and is well-known locally. Though well maintained, this offering provides management upside to a new owner. The current ownership purchased the property over 20 years ago, and has not raised their prices for at least 15 years. The Laundromat operates with 22 front load washers, and has 20 dryers. Current ownership charges $1.75 per wash. The building has a ductless mini-split for heating and air, a restroom, and outdoor seating ensuring a comfortable experience for customers. The Car wash consists of three bays, which are all self-service. They are currently coin operated, and are priced at $2.00 per wash. There are also two coin-operated vacuums available for use. The car wash and laundromat are steel and brick construction with metal roofs, ensuring the property can be operated with little capital expenditures. Yerington, Nevada is centrally located in Lyon County, and is the county seat. Located at the intersection of US 95A and Nevada State Route 208, Yerington is roughly 70 miles southeast of Reno. The fourth largest known copper deposit in North America sits just outside of Yerington, and companies such as "Nevada Copper" are ramping up production to access this resource. Agriculture also fuels the local economy, with many other ancillary businesses supporting the residents. The subject property is centrally located in the area’s primary retail corridor along the busiest section of road in Yerington. Raley’s, McDonalds, Round Table Pizza, H&R Block, Maverik, O’Reilly Auto Parts, and other national retailers can all be found within 1/4 of a mile of the subject property. Priced at $750,000, Pizen Switch Laundry Mat & Car Wash offers a purchaser an established business with near-term opportunities to improve returns.

Investment Highlights

  • Located Along the Most Heavily Traveled Section of Road in Yerington
  • Upside Potential - Rates Have Not Been Raised in 15 Years
  • Low Maintenance Steel and Brick Construction

Exclusively Listed By

Shopping Strip

Pizen Switch Laundry Mat & Car Wash

Listing Price: $750,000

Cap Rate
5.60%
Gross SF
2,661
Rentable SF
2,661
Price/Gross SF
$281.85
Lot Size
0.50 acres
Year Built
1986

Investment Highlights

  • Located Along the Most Heavily Traveled Section of Road in Yerington
  • Upside Potential - Rates Have Not Been Raised in 15 Years
  • Low Maintenance Steel and Brick Construction

Investment Overview

The subject property consists of a 1,960 square-foot laundromat and a 1,100 square-foot car wash situated on a 0.50 acre lot in Yerington, Nevada. The property is located at the intersection of West Goldfield Avenue (Highway 95) and Pizen Switch Road, and has excellent ingress and egress from both roads. This offering includes both the business and real estate, and is set up to be operated with minimal management. Originally constructed in 1986, this property has successfully operated as a car wash and laundromat for decades and is well-known locally. Though well maintained, this offering provides management upside to a new owner. The current ownership purchased the property over 20 years ago, and has not raised their prices for at least 15 years. The Laundromat operates with 22 front load washers, and has 20 dryers. Current ownership charges $1.75 per wash. The building has a ductless mini-split for heating and air, a restroom, and outdoor seating ensuring a comfortable experience for customers. The Car wash consists of three bays, which are all self-service. They are currently coin operated, and are priced at $2.00 per wash. There are also two coin-operated vacuums available for use. The car wash and laundromat are steel and brick construction with metal roofs, ensuring the property can be operated with little capital expenditures. Yerington, Nevada is centrally located in Lyon County, and is the county seat. Located at the intersection of US 95A and Nevada State Route 208, Yerington is roughly 70 miles southeast of Reno. The fourth largest known copper deposit in North America sits just outside of Yerington, and companies such as "Nevada Copper" are ramping up production to access this resource. Agriculture also fuels the local economy, with many other ancillary businesses supporting the residents. The subject property is centrally located in the area’s primary retail corridor along the busiest section of road in Yerington. Raley’s, McDonalds, Round Table Pizza, H&R Block, Maverik, O’Reilly Auto Parts, and other national retailers can all be found within 1/4 of a mile of the subject property. Priced at $750,000, Pizen Switch Laundry Mat & Car Wash offers a purchaser an established business with near-term opportunities to improve returns.

Exclusively Listed By

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