1027 Linden Ave - Car Washes FOR SALE


Lewiston, ID 83501- Nez Perce
$2,490,000 USD
586-615-0101
1027 Linden Ave, Lewiston, ID for Sale
$2,490,000 USD
Car Washes - FOR SALE
1/33
null | 10.49% Cap Rate

1027 Linden Ave
Lewiston, ID 83501
Nez Perce


HIGHLIGHTS

  • Fully repainted interior and exterior, replaced all rooftop plumbing, rebuilt self-serve pump systems with new equipment in each bay, and added a new
  • Expansion: Add 20 Self-Storage Units
  • New Auto Wash in 2023 at 608 Thain Road with proforma $60-80K gross income not included in current NOI.

OVERVIEW

NOI: $263,642.29 ? 2 Car Washes, 1 Laundromat ? New Auto Wash in 2023 at 608 Thain Road with proforma $60-80K gross income not included in current NOI. Recently renovations: Rebuilt all self-serve equipment, including pumps, coin machines, hoses, and plumbing (roof and bays). Replaced all bay equipment. Painted exterior and bay interiors, and added new signage. ? Recent Updates to 1027 Linen Avenue: Fully repainted interior and exterior, replaced all rooftop plumbing, rebuilt self-serve pump systems with new equipment in each bay, and added a new PDQ 360 Touchless Automatic. Built a dog wash room (equipment installed, not yet operational) and upgraded electrical to support new systems. ? Expansion: Add 20 Self-Storage Units ? Strong Cash Flow, High NOI & Expansion Potential! This is part of a 4 Property Portfolio in Clarkston, Washington and Lewiston, Idaho with a bonus location in Moscow Idaho. Total NOI: $883,131.37 Value add potential- new location on Thain RD opened in April 2024- Projected Gross Income $60-80K not reflected in the current 4 property NOI. 4th bonus location wash rates not icreased in 10 years, a $2 rate increase per wash will increase by nearly $80,000 annual income. Total package price: $7,499,000.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$664 USD /SF

CAP RATE

10.49%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sudzy's Combination Carwash & Laundromat

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,511 SF

ZONING

C2

APN/PARCEL ID

RPL00060020500

ASK ABOUT THIS PROPERTY

Maurice KhalifaShowcase One Real Estate Group, Inc.More Info
586-615-0101

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Maurice KhalifaShowcase One Real Estate Group, Inc.More Info
586-615-0101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.