1140 E Lovejoy St, Buffalo, NY 14206

Maytag Laundry | 1140 E Lovejoy St, Buffalo, NY 14206 Exceptional mixed-use investment opportunity featuring a long-established neighborhood laundromat and a spacious 4-bedroom apartment in Buffalo’s Bailey-Lovejoy area. This freestanding corner property offers approximately 6,105 SF on a 0.20-acre site with on-site parking for 10 vehicles. The laundromat has served the community for 25 years and benefits from minimal nearby competition as the area’s only neighborhood laundry facility. Revenue is reported between $1,500–$2,200 weekly, with upside through improved marketing, SEO, and future price adjustments. Recent capital improvements include brand new Dexter dryers and new Encore washers installed in March 2026, with additional washer upgrades planned. The upper apartment is leased at $1,495/month, with added income from a rented garage at $300/month and basement room rental at $100/week. Approximate annual building revenue is $120,000+, offering an attractive projected cap rate of about 13%. A rare chance to acquire the real estate, business, and multiple income streams in one established asset with strong in-place cash flow and value-add potential.