Sold

1609 Garnet Avenue

San Diego CA, 92109

$177,000


Sold

Commercial

Listed by Robert Nourani with Balboa Real Estate Inc 888-787-8808

1ST TIME LISTED FOR THE LAST 35 YEARS - Sellers are retiring - The property owner will give a 10 year lease to a qualified buyer - All equipment owned - A separate laundromat & a separate full plan dry cleaner next to each other for sale for the price of one - Only employee is aware the businesses are for sale & she is willing to stay, you may go to the 2 locations at anytime during business hours - Located at 1 of the busiest intersections in San Diego, Garnet Avenue & Ingraham, across from 2 very busy & successful shopping centers & 2 gas stations - Over 45,000 slow vehicles pass in front of these 2 businesses every day - Only 1 employee can run both businesses - 9 private parking spaces including 2 handicap spaces - Free parking in the front & side of the business - Over 5,000 square feet - SEE SUPPLEMENT FOR MORE..... Most dry cleaners send out the clothes but this dry cleaner is a full plan business & all the work is done in house - These 2 businesses can generate a lot of profit daily - There is a lot of foot & slow car traffic in front of these 2 businesses around the clock - There is a large extra office which can be subleased for up to $2,000 per month - These 2 businesses are about 6 blocks away from La Jolla & 9 blocks from the beach & crystal pier - All the equipment including all the 31 washers & 32 dryers, all the equipment & machines in the dry cleaner, 12 security cameras & recording devices, all the furniture, both advanced cash registers with the printers, etc. are owned & there is no monthly payment - After the sale, the seller will only take his briefcase & leave everything else behind - Both businesses are on the 1st floor & there are no steps to climb, & they both also have access from the back alley - There are 6 other successful & busy businesses in the same block - The only employee is aware the businesses are for sale, you may go to the 2 locations at anytime during business hours - Trader Joe's Supermarket, Vons Gas Station, Staples, Rite Aid & other businesses are exactly across the street - Vons Supermarket, Petco, CVS, & other businesses are only 200 yards away across the street - The City charges a $7,500 permit per washer & dryer if you are starting a new business, but there is no need to pay for any permits since the 31 washers & 32 dryers are already existing - There was a tailor on site but not anymore, with a new tailor on site the profit will increase a lot - There are a lot of large complexes nearby who use the laundromat & dry cleaner - The seller has contracts with military companies with uniforms & tablecloths - Everything at the business stays for the new buyer, including furniture, cash registers, all the equipment, etc. - After the landlord approves the buyer he will give them a 10 year lease - & MANY MORE.......

230004713SD

MLS ID

March 13, 2023

Listed

March 28, 2024

Updated

Map

1609 Garnet Avenue
San Diego CA, 92109

Other Property Details

Area Name

92109 - Pacific Beach


Days on Market

142


Garage

No


Parking Total

0


View

No


County

San Diego


Pool

No


Zoning

Retail


Buyer Agency Compensation

22,800%

Listing History

Date

Event

Price

1/17/2024

Price Change

$177,000

-12%

1/17/2024

Sold

$177,000

12/11/2023

Pending

8/2/2023

Active

Listing Contact: 888-787-8808 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/28/2024 at 1:45 PM UTC

 

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