$6,900,000
About this home
These 3 locations are being offered together as a package only. 1278 Hertel Ave Buffalo 14217, 136 Lakeview, Buffalo 14201, and 346 Military, Buffalo 14207. They are some of the most impressive and financially powerful laundromats available in WNY. They are near newly built out and turn key for years to come. The owner spared no expense regarding mechanical systems and infrastructure. Hertel has Dexter live to easily track sales and maintenance. Pleased do not visit the locations without an appointment. They cannot be separated and ZERO owner financing is available. Military includes two upper apartments (One unit is partially gutted and not livable, being sold as-is. One unit is the owner's living quarters and lease TBD, 12 months max). Military was built out new 1999-2000. Porter (Lakeview) was built out new in 2015. Hertel is all new from 2019. All include top of the line Dexter appliances. Brand new boiler and holding tank at Military 2025. Each location includes several accessory assets including vending machines, arcade games, auto vacuums, soap and change dispensers, and wash and fold necessities. Two locations are open 24/7 and there are 15 employees total. Grosses approx. $35k/week in revenue. Seller may hold $3m in first lien position with personal guarantee.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $43,239
- Utilities
- $2,754
- Transportation
- $0
- Other (entertainment)
- $140
Quick facts
At a glance
Home features
Neighborhood — 14216
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 22,446 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -9.00% | 8.00% | 20.00% |
| Population Density | 7,902 | 395 | — |
| Male | 10,487 | 9,381,926 | 147,432,321 |
| Female | 11,959 | 9,969,168 | 151,655,844 |
| Never Married | 6,681 | 4,946,391 | 63,775,926 |
| Married | 7,628 | 7,166,701 | 123,120,365 |
| Separated | 865 | 1,159,673 | 12,639,686 |
| Widowed | 1,623 | 1,110,245 | 15,467,586 |
| Divorced | 2,009 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 10,402 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.14 | 2.64 | 2.60 |
| Medial Age | 37.37 | 36.53 | 35.46 |
| Median House Hold Income | $38,183 | $49,847 | $48,276 |
| Average House Hold Income | $48,946 | $70,032 | $63,629 |
| P C I | $22,991 | $26,569 | $24,529 |
| M D I | $33,500 | $42,210 | $41,133 |
| A T H E | $42,917 | $54,185 | $50,898 |
| S T R | 8.75% | 4.00% | — |
| W C J | 79.02% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 10/28/2024. Provided courtesy of Nichol City Realty via Buffalo MLS. Information deemed reliable but not guaranteed.