Asking Price: $2,900,000

Own the land, the building, AND a cash-flowing business. This rare 22,605 SF (0.52 AC) C-1 zoned parcel on high-traffic N. Orange Olive Rd (approx. 9,300+ cars/day per City of Orange counts) is being offered together with the long-established Lighthouse Laundromat and all equipment. With only about 9% lot coverage, the approx. 2,109 SF free-standing building leaves roughly 14,000 SF of surplus paved land, giving buyers a rare blank canvas in the heart of Orange. THE LAND: C-1 zoning supports a wide range of retail, office, and service commercial uses, and the deep, level, rectangular lot with wide street frontage and a tall pylon sign is ideal for a new pad, multi-tenant retail or office building, sit-down or quick-service restaurant, coffee or drive-through concept, car wash, or fleet/vehicle storage (certain uses subject to City approval). Seller reports the site carries an existing drive-through entitlement, a major advantage for QSR and coffee users. California housing laws (AB 2011 / SB 6) may also open the door to multi-family or mixed-use residential on commercially zoned land, creating future development upside. THE BUSINESS: Open 7 days with rows of commercial front-load washers and stacked dryers, folding stations, vending, fluff & fold and drop-off service, a covered outdoor patio, and ADA parking. Collect income today while you plan tomorrow. Surrounded by dense single- and multi-family housing with an established industrial corridor across the street, providing a built-in customer base and daytime workforce. Perfect for owner-operators, investors, 1031 exchange buyers, and developers. Lease may be considered. Buyer to verify zoning, permitted uses, entitlements, and all property information with the City of Orange.