114 Steele Street,Rangely, CO 81648
Rangely, CO 81648
Description
TURNKEY INCOME-PRODUCING BUSINESS AND REAL ESTATE OPPORTUNITY IN CENTRAL RANGELY! The asking price includes the commercial building, land, established Fresh Express Laundry business, all washers and dryers, boiler and mechanical systems, equipment, fixtures, furnishings, business name, goodwill, attached apartment, and related operating assets, subject to the final purchase agreement. Fresh Express Laundry is the ONLY laundromat serving Rangely and the corridor between Meeker, Colorado, Vernal, Utah, and Grand Junction, Coloradocreating an established customer base with extremely limited direct competition. Clean, well maintained, and in very good condition, this two-owner property has received numerous upgrades and is ready for continued operation. The laundromat features a bright customer area, multiple washer and dryer sizes, convenient service access behind the equipment, excellent visibility, a large lot, and abundant off-street parking. The attached two-bedroom, one-bath apartment creates an additional income stream and offers no carpet, a full kitchen, living area, tiled bathroom, and private residential space. The apartment has historically been easily rented. Seller has 2025 operating records showing positive combined income from the laundromat and apartment, creating attractive capitalization-rate potential at the current asking price. Financial information is available to qualified Buyers upon request. The large middle flex space adds even more opportunity with a concrete floor and overhead garage door. Expand the laundromat with additional machines, create a wash-and-fold or commercial laundry operation, use the space for storage or an owner workspace, or potentially operate an entirely separate business from the property, subject to zoning and required approvals. This property offers multiple existing income streams with significant opportunity for additional growth. Own the real estate, own the business, collect apartment income, and have room to expandall from one turnkey property in the heart of Rangely. WATCH THE PROPERTY VIDEO TO EXPERIENCE THE LAUNDROMAT, APARTMENT, FLEX SPACE, AND FULL POTENTIAL OF THIS PROPERTY!
Details
| MLS # | 20263994 |
|---|---|
| Listing Type | For Sale |
| Style | Building |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 14 |
| Listing Provided By | REED REAL ESTATE GROUP, LLC | THE JOE REED TEAM |
Features
| Zoning | Commercial |
|---|---|
| Acreage | 0.24 |
Exterior
| Lot Features | Corner Lot |
|---|
Taxes
| Tax Annual Amount | 2281 |
|---|
Area Information
| State | CO |
|---|---|
| County | Rio Blanco |
| City | Rangely |
| Zip Code | 81648 |
| Area | Rangely |
| Listing VS Median (in 81648) | |
Price: $299,114 low | high Med: $315,000 On site: 14 low | high Med: 153 | |
Market Activity 81648
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CO |
|---|---|
| County | Rio Blanco |
| City | Rangely |
| Zip Code | 81648 |
| Area | Rangely |
| Listing VS Median (in 81648) | |
Price: $299,114 low | high Med: $315,000 On site: 14 low | high Med: 153 | |