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Frederick Dry Cleaners 123 E Grand Ave
2,500 SF Retail Building Frederick, OK 73542 $125,000 ($50/SF)
INVESTMENT HIGHLIGHTS
- Great Downtown Location
- Only Dry Cleaning Business in town & county
- Drive Through Access from major roads
- Long time in biz w/ loyal customers
EXECUTIVE SUMMARY
Established Dry Cleaning Business FOR SALE with Building(s) & Equipment, Turn Key READY to continue its success for many years to come. This location is the ONLY full service dry cleaning business in the community and county, with the closest competitors being over 30 miles away in Vernon, TX or Altus, OK. A loyal customer base keeps the drive thru busy with daily drop offs and pick ups. Community is largely supported by its Manufacturing and Agricultural base.
A fully automated Dry-Cleaning machine was purchased and installed less than two years ago. Other equipment includes boiler, hot water heater, compressor, washer, dryer, shirt and pant press machines and clothing turnstiles. Flat roof on infill building is new as of 2021, with a 10 year leak & labor warranty and 20 year warranty on materials. Start your next business, add as another location for your existing dry cleaning business or make it an investment property to lease.
*Selling As-Is*
**All Closing Costs to be paid by Buyer**
A fully automated Dry-Cleaning machine was purchased and installed less than two years ago. Other equipment includes boiler, hot water heater, compressor, washer, dryer, shirt and pant press machines and clothing turnstiles. Flat roof on infill building is new as of 2021, with a 10 year leak & labor warranty and 20 year warranty on materials. Start your next business, add as another location for your existing dry cleaning business or make it an investment property to lease.
*Selling As-Is*
**All Closing Costs to be paid by Buyer**
TAXES & OPERATING EXPENSES (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$478
|
$0.19
|
| Operating Expenses |
$2,500
|
$1.00
|
| Total Expenses |
$2,978
|
$1.19
|
TAXES & OPERATING EXPENSES (ACTUAL - 2022)
| Taxes | |
|---|---|
| Annual | $478 |
| Annual Per SF | $0.19 |
| Operating Expenses | |
|---|---|
| Annual | $2,500 |
| Annual Per SF | $1.00 |
| Total Expenses | |
|---|---|
| Annual | $2,978 |
| Annual Per SF | $1.19 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1920/1954
Price
$125,000
Price Per SF
$50
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial - Dry Cleaning
Parking
4 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
75 FT on Grand
AMENITIES
- Corner Lot
- Drive Thru
- Storage Space
PROPERTY TAXES
| Parcel Number | 1005-00-024-013-0-000-00 | Total Assessment | $5,348 (2023) |
| Land Assessment | $221 (2023) | Annual Taxes | $478 ($0.19/SF) |
| Improvements Assessment | $5,127 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
1005-00-024-013-0-000-00
Land Assessment
$221 (2023)
Improvements Assessment
$5,127 (2023)
Total Assessment
$5,348 (2023)
Annual Taxes
$478 ($0.19/SF)
Tax Year
2022
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Frederick Dry Cleaners | 123 E Grand Ave
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