505 Cortez Rd W - Car Washes FOR SALE


Bradenton, FL 34207
$3,534,253 USD
818-665-9575
505 Cortez Rd W, Bradenton, FL for Sale
$3,534,253 USD
Car Washes - FOR SALE
1/2
null | Request Cap Rate

505 Cortez Rd W
Bradenton, FL 34207


HIGHLIGHTS

  • Established Car Wash Business + Fee Simple Real Estate Acquisition
  • $359,787 Annual Net Income at a 10.2% EBITDA Yield
  • Very Low-Labor, Absentee-Friendly Ownership Model with Multiple Revenue Streams

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire Car Wash On 5th, an established full-service car wash and professional detailing business, along with the underlying fee simple real estate at 505 Cortez Road West in Bradenton, Florida. The ±3,910-square-foot facility sits on a ±0.53-acre signalized corner lot and generates $359,787 in annual net income at a 10.2% EBITDA yield on the $3,534,253 acquisition price. The business operates multiple automotive revenue streams with very low labor requirements, supporting absentee or semi-absentee ownership. The acquisition may qualify for 100% bonus depreciation, providing significant tax advantages for qualified buyers. The property occupies a high-visibility corner along Cortez Road West (State Road 684, ±41,234 VPD), one of Bradenton's primary commercial corridors, with immediate proximity to Cortez Plaza (Sprouts, Chick-fil-A, PetSmart), Cortez East Shopping Center (Ross, Five Below, Michaels), and Centre Point Commons (Lowe's, Dick's, Best Buy). The 5-mile trade area holds 200,443 residents with an average household income of $93,833, and nearby institutions include State College of Florida, Manatee-Sarasota (11,000+ enrollment), Manatee Memorial Hospital (295 beds), and HCA Florida Blake Hospital (383 beds). The property sits within the North Port-Bradenton-Sarasota MSA, home to 940,822 residents with an average household income of $135,139, one of Florida's fastest-growing commercial and residential markets with direct connectivity via Interstate 75 and U.S. Highway 41.

FOR SALE DETAILS

PRICE

$3,534,253 USD

PRICE/SF

$514 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Dolphin Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,130 SF

ZONING

C1

APN/PARCEL ID

53427-1020-8

ASK ABOUT THIS PROPERTY

Shahram TamjidiMarcus & MillichapMore Info
818-665-9575

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Shahram TamjidiMarcus & MillichapMore Info
818-665-9575

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