About 3508 E State Hwy 20
Established laundromat/retail space open for over 40 years! Commercial Investment Opportunity – Turnkey Laundromat + Real Highway 20 Frontage | High Traffic Location Rare opportunity to own a cash-flowing laundromat with real estate included, plus significant upside potential. Current Income: • Approx. $6,000/month gross • Estimated ~$46,000+ NOI • Strong ~9% cap rate at asking price Property Features: • Fully operational coin-operated laundromat • All Dexter washers & dryers • Recently remodeled building (refurbished machines) (~2 years ago) • New roof • Updated electrical • Custom RGB LED signage • Prime high-visibility location on Highway 20 Additional Income + Value-Add Opportunity: • Retail rental space with stable tenants • 2 bed / 2 bath home on-site • Needs remodel (~$25K est.) • Potential $1,300–$1,400/month
Features of 3508 E State Hwy 20
| MLS® # | LC26166501 |
|---|---|
| Price | $449,000 |
| Bathrooms | 0.00 |
| Acres | 0.30 |
| Year Built | 1963 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 3508 E State Hwy 20 |
|---|---|
| Area | LCNIC - Nice |
| City | Nice |
| County | Lake |
| Zip Code | 95464 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | ZeroToOneUnitAcre, Street Level |
|---|---|
| Roof | Composition |
Additional Information
| Date Listed | July 30th, 2026 |
|---|---|
| Days on Market | 57 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Hannah Wright |
|---|---|
| Office | Konocti Realty |