311 Van Giesen Street - Car Washes FOR SALE


Richland, WA 99354
$1,400,000 USD
208-770-2593
311 Van Giesen Street, Richland, WA for Sale
$1,400,000 USD
Car Washes - FOR SALE
1/23
null | 6.43% Cap Rate

311 Van Giesen Street
Richland, WA 99354


HIGHLIGHTS

  • 15k residents within 3 miles, 26k within 5 miles!
  • Excellent, central location surrounded by multi-family/apartments!
  • Simple, low maintenance concrete block construction.
  • 2025 NOI = $95k.

OVERVIEW

Self-Service Car Wash Income-Producing Car Wash in Downtown Richland. Van Giesen Car Wash is a well-located, income-producing investment featuring five self-service bays and one drive-through automatic bay located in a dense, infill downtown Richland location surrounded by multifamily and apartments with limited competition and less than a 1/2 mile from the Columbia River and boat launches! The property benefits from low maintenance concrete block construction, minimal landscaping, and remote security and monitoring systems. The car wash has a proven operating history and consistent cash flow, supported by a mix of residential and commercial customers and efficient, easy- to-manage operations. An attractive opportunity for investors seeking a stable investment with long-term demand drivers in the desirable Tri-Cities market.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VAN GIESEN CAR WASH

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,448 SF

ZONING

C-2

APN/PARCEL ID

102983020732025

ASK ABOUT THIS PROPERTY

Chris SchreiberKiemle HagoodMore Info
208-770-2593

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Chris SchreiberKiemle HagoodMore Info
208-770-2593

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