1077 S Miami St - Car Washes FOR SALE


West Milton, OH 45383
$199,999 USD
234-207-0770
1077 S Miami St, West Milton, OH for Sale
$199,999 USD
Car Washes - FOR SALE
1/12
null | 13.95% Cap Rate

1077 S Miami St
West Milton, OH 45383


HIGHLIGHTS

  • Reaches a substantial local market with over 22,000 residents within a convenient 10-minute drive.
  • High visibility with nearly 10,000 vehicles passing daily.
  • Nearest competing car wash is a 10-minute drive (5.7mi) to the south, offering a significant service radius.

OVERVIEW

Property Description -5-Bay Car Wash Facility -4 Self-Serve Bays -1 Automatic Drive-Through Bay -5 Vacuums -Vending Machines -New Roof Installed In 2018 -Road Signage -720sqft Detach Frame Garage -Approximately 5,720 Cars Washed In 2024 Current Wash Pricing: -Self-serve washes: $0.25 per 28 seconds with $1.25 minimum -3 smaller vacuums: $0.50 per 3 minutes -2 larger vacuum: $0.75 per 3 minutes -Vending machines (approximately $750 annually) Increasing Income Opportunities: -Potential to increase self-serve wash revenue by aligning with competitive rates ($0.01 per second W/ $2-$3 minimum) -Vacuums $2.00 per 8 minutes Payment System Upgrade: -Implement credit card acceptance for self-serve bays and vacuums to increase customer convenience and usage Online Marketing: -No current online marketing in place. -Opportunity to attract more customers and increase revenue -Conservative estimated growth 20% increase in yearly washes Additional Income Potential: -Replacement of the automatic drive-through bay

FOR SALE DETAILS

PRICE

$199,999 USD

PRICE/SF

$69 USD /SF

CAP RATE

13.95%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

Commercial

APN/PARCEL ID

L39023560

ASK ABOUT THIS PROPERTY

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234-207-0770

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Simon BasteXp CommercialMore Info
234-207-0770

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