521 Elizabeth Lake Rd - Car Washes FOR SALE
Waterford, MI 48328 |
$2,700,000 USD
310-241-3677
521 Elizabeth Lake Rd
Waterford, MI 48328
HIGHLIGHTS
- Fronts the 74-acre Oakland County Business Center, a $63M mixed-use redevelopment of the former Summit Place Mall projected to deliver up to 1 million
- Located on Elizabeth Lake Road near Telegraph Road, one of Oakland County's primary north-south corridors, providing outstanding visibility.
- Features a Eurovac central vacuum system serving a 4-bay cleaning center, supporting an established express interior detail program.
- The business supports an active monthly membership base and commercial fleet accounts, providing recurring revenue and a strong foundation for future.
- The existing interior cleaning operation creates an additional revenue stream and increases customer spend per visit.
- Re-equipped in 2022 with a Grand Arch, Wall of Foam, Axis Robot, hot wax and ceramic arches, Rain Bar, nine dryers, two pay stations.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 8,211 SF Imperial Auto Wash located at 521 Elizabeth Lake Road in Waterford Township, MI. This offering presents a rare opportunity to acquire an operational, revenue-generating car wash asset priced below estimated replacement cost, allowing investors to benefit from immediate cash flow without the risks associated with new development. The property is further protected by Waterford Township's moratorium on new car wash construction, creating a significant barrier to future competition within the market.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
FOR SALE DETAILS
PRICE
$2,700,000 USD
PRICE/SF
$329 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Imperial Auto Wash - Elizabeth Lake
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
BI
APN/PARCEL ID
13-25-429-009
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
310-241-3677
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
310-241-3677
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
