03/07/2026
CASHFLOWING LAUNDROMAT, BUILDING AND LAND FOR SALE!
✅ UPDATE! The RESERVE PRICE on this auction is $800,000.00. The current bid is $710,000.00 as of March 7th, 2026. Bidding is currently open online through our website (see contact information below). Bidding will end on March 26th, at 6:00 p.m.
✅ CASHFLOW STATEMENTS! Please see the Electrolux cashflow statements, utility bills and supporting documents in the photos. The conservative, stabilized monthly average income from the laundry machines alone is approximately $18,500.
📍 This property is located at 327 Holland Avenue, Westover, WV 26501 (greater Morgantown area) in a HIGH-TRAFFIC, COMMERCIAL LOCATION. This area is home to West Virginia University (approximately 26,000 students) an ever-expanding WVU Medical Center/Alzheimer’s Institute/Cancer Center/Golisano Children’s Hospital, flourishing oil and gas headquarters and many other businesses. Please see the photos for more information.
✅ Sale includes all laundromat equipment, 7,616 +/- square foot building and .50 acre parcel of land.
✅ All NEW Electrolux brand machines and supporting equipment purchased for $429,415.66 in 2021. Currently, there are over 2,500 customers registered and using the Electrolux app for payment at this location. Please see cashflow statements to compare app users with cash payers, evidencing the strong customer base that this location currently services.
✅ The property generates ARCADE INCOME and additional RENTAL INCOME from a separate tenant.
✅ UNLIMITED GROWTH and VALUE-ADD opportunities include adding a wash-dry-fold service, offering subscription plans to local businesses/residents/students, adding a delivery/pickup service model and adding a nail/hair salon or other business to the building. Thus, this property could support multiple businesses in one location (real estate ownership model, laundromat income, wash-dry-fold income, rental income and salon/other business income). There is not much competition in the Morgantown market for such laundromat services and the opportunities to increase cashflow here are exponential.
✅ WHY IS THIS PROPERTY BEING SOLD AT AUCTION? Our sellers are in their mid-70s and desire to liquidate their business interests in a timely manner. The bidding process is entirely transparent and fair for everyone involved.
Do you know those games during traditional sales when sellers tell you that you should increase your offer because they are receiving other offers from unknown buyers for amounts they won’t disclose to you? Those games don’t exist during the auction process because all bids are disclosed on our website. Buyers can view the bid schedule in real time and determine their own bidding price. Pre-bid inspections of the property are welcome! Neighboring parcels and commercial/apartment building are available through a separate auction. Please see our website for all terms and details.
✅ For more information, please visit our page for Matt Gutta Auction and Realty Service. You may visit our website at mattguttaauctions.com or email us at [email protected]. You may also call us directly at 304-288-0531. Please read the terms on our website for all details before bidding. We welcome all inquiries or inspection requests!
Matthew S. Gutta, Esq. – Broker and Auctioneer
W.Va. Auctioneer’s License No. 2493
W.Va. Real Estate Broker’s License No. WVB240301049