Car Wash - Real Estate and Business included!

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30011867
Property Subtypes: Car Wash, Free-Standing Building, Vehicle Related, Other, General
Building Size (RSF): 2,940 SF
Gross Land Area: 0.30 Acres
Sale Price: $349,900
Unit Price: $119.01 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Business
Building Name: Advanced Auto Wash
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/12/2017

Overview / Comments

Fantastic Business and Real Estate investment opportunity. Fully operating Car Wash in The Downtown Grand Rapids Corridor. 2002 Peco 100' Soft and Foamy Hybrid tunnel car wash system (100 cars per hour). PDQ Access Point of sales accepts cash, credit and loyalty cards. Building 30' x 100' Built in 2002. Turn Key Operation 2 Managers and employees are dependable. Perfect running condition Mechanical room is brand new. New air compressor, pumps, solenoids valves and all piping. Inferred heating system runs through whole building Camera system in interior tunnel New Vacuums Managers office Laundry room Bathroom Block construction Waterproof ceiling in interior of building CAR WASH is in perfect condition. City water and sewers with 3 chamber separator This Wash is the only car wash in the downtown Grand Rapids area. Located next to Domino’s Pizza On main commuter road heading north and south out or into Grand Rapids. Great local support and commuter traffic Grand rapids population is 190,000+ Student housing being built for the down town campuses of Michigan State university medical School and the ever Growing Grand Valley State University. Both blocks away Traffic count is 16,000 cars a day

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $9,173 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: S 131 Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-36-477-869; 41-13-36-477-069
Zoning: TBA
Retail Clientele: General
Property Located Between: Division Ave betweenm Franklin and Hall St.
Largest Nearby Street: Franklin
Feet of Frontage: 49
Highway Access: US 131 At Franklin
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,940 SF
Property Condition: Good
Year Built: 2007
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Parking Description: Surface parking with cross easement access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,254 160,095 317,146
Median Age: 26.13 30.69 33.55
Households: 7,521 59,454 121,842
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