371 E Andrus Rd - Car Washes FOR SALE
Northwood, OH 43619 |
371 E Andrus Rd
Northwood, OH 43619
HIGHLIGHTS
- MULTIPLE INCOME SOURCES – Property features Car Wash, Coin Laundry, and Ice Cream parlor allowing for single-unit investment diversification
- DOUBLE DIGIT CAP RATE – Passive Coin Laundry business, coupled with existing Real Estate priced well below replacement cost ($53 PSF)
- UNCAPPED REVENUES AND DEPRECIATION – Ice Cream parlor in turn-key condition ready for immediate occupancy.
- STRATEGIC LOCATION – Located directly between the bulk of residences on Toledo’s east side and the majority of workforce drivers
- ENTREPRENEURIAL OPPORTUNITY – Low cost basis and immediate value-add opportunities allow new owner the chance to capitalize on missing income streams
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CAR WASH, TWO-TENANT BUILDING & COIN LAUNDRY
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
5256
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.57 AC AC
LAND SF
24,829 SF
ZONING
-
APN/PARCEL ID
M50-812-310000018000
