Catylist ID: #30126539
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|
|Unit Price:||$106.88 PSF|
|Property Use Type:||Investment, Business|
|Sale Terms:||Cash to Seller|
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 is an investment property that 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 is also best defined as a investment property and is a commercial building that sits directly on the stop light corner of S. State St. and E. Spartan Dr. . It is a great Restaurant location or Professional/Commercial Building location that is nestled directly between two primary Sparta schools. There are many options for this prime 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 .
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 car wash is a good, stable local business in Sparta, Michigan with a long history and very little local competition. The two included investment properties are constantly full and give great underlining effortless cash flow to the overall operation. Frankly, all components are candidates for operational tweaks and consistency that could immediately make a major positive impact on the bottom line and overall financial performance. Every piece of this package also has the great advantage of Location,Location,Location! This is a great opportunity for the right person.
|Nearest MSA:||Grand Rapids-Wyoming|
|Largest Nearby Street:||S. State St.|
|Feet of Frontage:||130|
|Airports:||Sparta - Kent County International|
|Proximity:||1 mile||3 miles||5 miles|
Steve MaghielseMaghielse And Company
Not a member of CARWM
|© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|