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3508 E State Hwy 20Nice, CA 95464

Lake County

$449,000List price
1,396Sq Ft
1963Year built
0.30Acre lot
1Stories
3 months agoOn market

Description

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

Property Information

Property type
Commercial Sale
Sub-type
Mixed Use
Year built
1963
Stories
1
Building area
1,396 Sq Ft
Lot size
0.30 acres
Days on market
93
MLS® Listing#
LC26166501

Property Features

Laundry
See Remarks
Roof
Composition
Water source
Public
Parcel number
032115150000

Directions

HWY 20 to corner of 20 and Keeling

Listing Courtesy: Konocti Realty - 707-671-3604

Presented by: Hannah Wright

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-30T00:00:00.000Z and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Licensed in the state of California.

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