514 N Azusa Ave - Car Washes FOR SALE


Azusa, CA 91702
$900,000 USD
626-242-4655
514 N Azusa Ave, Azusa, CA for Sale
$900,000 USD
Car Washes - FOR SALE
1/13
null | Request Cap Rate

NEW


514 N Azusa Ave
Azusa, CA 91702


HIGHLIGHTS

  • 33,000 + Cars Per Day
  • 4 Self-Service Wash Bays + 4 Vacuum Stations
  • • Potential Residential Redevelopment – Condos / Townhomes / Apartments

OVERVIEW

Rare opportunity to acquire an operating self-service car wash together with the underlying real estate in the City of Azusa. Located at 514 N Azusa Ave, this property offers investors the unique ability to own an established, income-producing business while maintaining control of the underlying land and its future potential. The existing self-service car wash features four wash bays and four vacuum stations and benefits from a high-traffic location surrounded by established residential neighborhoods. The convenient location provides easy access for nearby residents and creates a natural customer base for the existing operation. The business operates primarily on a cash-and-coin model, offering a relatively simple operating structure for an owner-operator or investor. The real opportunity may extend beyond the existing use. The property presents potential for future residential redevelopment, including condominiums, townhomes, or apartments, subject to zoning, density, entitlements, and City approvals. This provides an investor with multiple potential strategies: continue operating the existing car wash, improve and reposition the business, hold the property for long-term appreciation, or pursue a future residential redevelopment. Multiple Investment Strategies • Operate: Continue the existing self-service car wash business. • Improve: Upgrade the facility and enhance the customer experience and revenue potential. • Hold: Own the business and underlying real estate as a long-term investment. • Redevelop: Explore conversion of the site to a residential project, including condos, townhomes, or apartments, subject to City approvals. Business + Real Estate ownership in one transaction creates a compelling combination of current use and future upside. With strong visibility, surrounding residential density, an existing operating business, and potential residential redevelopment, 514 N Azusa Ave represents an opportunity to acquire a unique piece of Azusa real estate with multiple paths to create value.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$581 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Azusa Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,537 SF

ZONING

AZC2YY

APN/PARCEL ID

8611-008-035

ASK ABOUT THIS PROPERTY

Thomas GibsonThe Wright Associated CompaniesMore Info
626-242-4655

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Thomas GibsonThe Wright Associated CompaniesMore Info
626-242-4655

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