Sparta Self-Storage, Professional building and Car Wash

Retail-Commercial for Sale
Catylist Listing ID: 30126539
Property Subtypes: Car Wash, Free-Standing Building, Mixed Use, Restaurant, Vehicle Related, Other
Building Size (RSF): 8,280 SF
Gross Land Area: 52,000 SF
Sale Price: $999,000
Unit Price: $120.65 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2017

Overview / Comments

Sparta Self-Storage, Professional Building and Car Wash

This business/property consists of three components and sits on a Parcel of land that is approximately 130’ x 400’ and occupies a busy stop light corner at S. State Street (the main North/ South street in Sparta, Mi.) and E. Spartan Dr. It has three possible addresses on S. State Street – 500 – 510 – 520.

1.) The first component consists of 52 self storage units with three different sizes. These units have been consistently full and under constant demand due to their "in town" location.
The sizes are:
24 – 5’ x 10’ units
11 – 10’ x 10’ units
17 - 10’ x 20’ units

2.) The 2nd component of this business is a commercial building that sits directly on the corner of S. State St. and E. Spartan Dr. . It is a great commercial location or Professional Building that is nestled directly between two primary Sparta schools. There are many options for this prime stop light corner location. For the last 11 years it has been rented to Maria’s Pizza.

3.) The 3rd component of this business is the Sparta Car Wash, It consists of one 90 foot conveyor belt driven soft cloth wash with 5 dryers. In conjunction with this there are five self-help wash bays (quarter car washes) as well as three outside vacuum centers . An additional growth opportunity would be to convert 2 of the self-help wash bays into a quick change oil service business.

Note that the financial statements included with this summary do not reflect a completely accurate picture of the operations and would in fact, have to be recast to more accurately reflect the financial performance of this business. We can demonstrate specific examples of why this is so.

We are open to discussing values and listening to any serious buyers input.

This is a good, stable local business in Sparta, Michigan with a long history and very little local competition. It is an ideal candidate for operational tweaks and consistency that could immediately make a major positive impact on the bottom line and overall financial performance. It also has the great advantage of Location,Location,Location!

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Tax ID/APN: 721210
Zoning: GENERAL COMMERCIAL
Property Visibility: Excellent
Largest Nearby Street: S. State St.
Feet of Frontage: 130
Airports: Sparta - Kent County International
Tenancy: Single Tenant
Lot Frontage: 130
Lot Depth: 400
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,128 9,110 21,413
Median Age: 34.59 35.72 38.05
Households: 1,235 3,424 7,769

Contact

Photograph of Listing Agent

Denise Maghielse

Maghielse And Company
Not a member of CARWM
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