Investment Opportunity – Mixed-Use Income Property with Laundromat
$1,895,000
US-441 South, Leesburg, FL
0.67 acres
Lot Area
Details:
Description:
High-Cash-Flow Mixed-Use Investment with 24-Hour Laundromat
1699 US Highway 441 | Leesburg, Florida
This is a rare opportunity to acquire a high-performing mixed-use income property anchored by a 24-hour coin laundromat and fully leased residential units, located along the heavily traveled US Highway 441 commercial corridor in Leesburg, Florida.
Situated on 0.67 acres with C-2 commercial zoning, the property delivers diversified income streams, stable tenancy, and significant operational upside. The asset is 100% occupied, professionally maintained, and currently self-managed by the owner, making it an ideal investment for both passive investors and owner-operators.
Investment Highlights
Strong Cash Flow
Total Annual Income: $218,400
Total Annual Expenses: $35,500
High-margin laundromat business with strong local demand
Diversified Income Streams
Four apartment units
One single-family rental home
Established 24-hour laundromat operation
Fully Leased Residential Units
Stable tenant base with annual leases in place
Consistent monthly income from residential units and single-family home
Established Laundromat Business
20 washers / 20 dryers
Well-known brands: Dexter and Speed Queen
Open 24 hours, serving surrounding residential communities
Consistent monthly revenue averaging $12,000, occasionally reaching $14,000
Revenue Growth Opportunities
New ownership can immediately expand income through:
Wash & Fold services
Pick-up & delivery laundry services
Commercial laundry contracts with nearby businesses
Property Details
Residential Units (Built 1961)
Two (2) 1BD / 1BA units
Two (2) 2BD / 1BA units
Additional Residence
One single-family home generating $1,600/month
Laundromat Building
Approx. 1,152 SF
Built in 1980
Recently serviced machines
Recent Capital Improvements
Major improvements completed in 2023 include:
New roofs
New hot water heaters
Fresh interior and exterior paint
Serviced laundry equipment
These upgrades reduce near-term capital expenditure for the new owner.
Prime Commercial Location
Located along US Highway 441, one of the region’s primary commercial corridors, the property benefits from:
Strong daily traffic counts
Excellent visibility and accessibility
Dense surrounding residential population
Continued commercial and residential growth
The location supports consistent laundromat demand and stable residential occupancy.
Ideal Investment Profile
This opportunity is ideal for:
Cash-flow focused investors
Laundromat operators expanding locations
1031 exchange buyers
Value-add investors seeking operational upside
With multiple income streams, strong in-place revenue, and clear expansion potential, this property offers a compelling combination of immediate cash flow and long-term appreciation.
Located along US Highway 441, one of the region’s primary commercial corridors, the property benefits from:
Strong daily traffic counts
Excellent visibility and accessibility
Dense surrounding residential population
Continued commercial and residential growth
The location supports consistent laundromat demand and stable residential occupancy.
Investment Highlights
Strong Cash Flow
Total Annual Income: $218,400
Total Annual Expenses: $35,500
High-margin laundromat business with strong local demand
Diversified Income Streams
Four apartment units
One single-family rental home
Established 24-hour laundromat operation
Fully Leased Residential Units
Stable tenant base with annual leases in place
Consistent monthly income from residential units and single-family home
Established Laundromat Business
20 washers / 20 dryers
Well-known brands: Dexter and Speed Queen
Open 24 hours, serving surrounding residential communities
Consistent monthly revenue averaging $12,000, occasionally reaching $14,000
Revenue Growth Opportunities
New ownership can immediately expand income through:
Wash & Fold services
Pick-up & delivery laundry services
Commercial laundry contracts with nearby businesses
Property Details
Residential Units (Built 1961)
Two (2) 1BD / 1BA units
Two (2) 2BD / 1BA units
Additional Residence
One single-family home generating $1,600/month
Laundromat Building
Approx. 1,152 SF
Built in 1980
Recently serviced machines
Recent Capital Improvements
Major improvements completed in 2023 include:
New roofs
New hot water heaters
Fresh interior and exterior paint
Serviced laundry equipment
These upgrades reduce near-term capital expenditure for the new owner.
Prime Commercial Location
Located along US Highway 441, one of the region’s primary commercial corridors, the property benefits from:
Strong daily traffic counts
Excellent visibility and accessibility
Dense surrounding residential population
Continued commercial and residential growth
The location supports consistent laundromat demand and stable residential occupancy.
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