2 MITCHELL, Binghamton, NY 13903

Property Description

Fantastic opportunity for a savvy investor or entrepreneur to operate two business under one roof. Operate a well established Laundromat and receive monthly rental income of $1,850 from the current tenant with a smoke shop business. The laundromat features 28 Washers and 23 Dryers ensuring quick and convenient service for customers with a proven track record of positive annual cash flow, this laundromat is a reliable income generator. There is significant potential to increase revenues by introducing additional services. Consider expanding the business with a wash & fold service, offering snacks and drinks, or even adding a dry-cleaning drop-off point. These enhancements could attract new customers and increase profits. You could also consider a different business in this space as well. This is a very high volume traffic area in the heart of Binghamton's South Side close to a lot of amenities Family Dollar, UHS, Restaurants, a diner, next door is a Dunkin Donuts.