1463 Prospect St - Car Washes FOR SALE


$1,885,000 USD
917-757-7715
1463 Prospect St, Ewing, NJ for Sale
$1,885,000 USD
Car Washes - FOR SALE
1/3
null | 7% Cap Rate


HIGHLIGHTS

  • Building 5,781 SF on 1.2 acres
  • Property taxes $35,876, paid by the tenant.
  • Car Wash operating at this site for 55 years.
  • Newly renovated exterior (2019). 140 Foot Tunnel.
  • Sale Leaseback opportunity with experienced operator in place.
  • Densely populated area - 152,000 population within 3 miles.

OVERVIEW

Offering the Bonus Depreciation Eligible: Everything except the land value is eligible for 100% bonus depreciation in the first year. Carwash operator will use some of the proceeds to upgrade all equipment and signage. Thirty-Year Triple Net lease in place.

FOR SALE DETAILS

PRICE

$1,885,000 USD

PRICE/SF

$377 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prospect Auto Spa

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,200 SF

ZONING

BH

APN/PARCEL ID

02-00118-04-00063

ASK ABOUT THIS PROPERTY

Elliot DweckTransworld Business AdvisorsMore Info
917-757-7715

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Elliot DweckTransworld Business AdvisorsMore Info
917-757-7715

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