After a targeted marketing campaign, Senior Advisor Joseph Genay, CCIM of SVN | Imperial Realty has sold a laundromat located at 811 N. 7th St., Allentown.
811 N. 7th St. is a 5,824 square foot one-story building in central Allentown. The sellers, clients of Genay’s for over 35 years, developed the state-of-the-art laundromat in a retail building that Genay had previously sold to them. The laundromat was built from a shell condition with all new floors, walls, ceilings, lighting, plumbing, restrooms, etc. The facility has 24 washers and 24 dryers – many of which are over-sized. The building also offers a secured child play area. The buyer, also represented by Genay, has added this property to their portfolio of Laundromats in New Jersey and Pennsylvania.
The property is in an urban location with a huge walk-up clientele base; nearly 25,000 people live within a 15-minute walk from the facility. The building offers indoor & outdoor parking making it perfect for all weather conditions.
Total acquisition price was $900,000.
For assistance with your property or next investment, please contact Joseph Genay at email@example.com or 484.245.1031.