$525,000
$575,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
2,544 SqFt
SOLD DATE : 03/17/2023
Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 2,544 sqft
Price per Sqft $206
Subdivision Glazier Gallup List
MLS Listing ID A4545433
Sold Date 03/17/23
Construction Status Appraisal,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1987
Annual Tax Amount $2,969
Lot Size 0.640 Acres
Acres 0.64
Property Description
6 bay and 7 vacuum self serve car wash. Established in 1987 this "quarter car wash" needs updating but has tons of potential. The property is underutilized and has plenty of value add. Presently there are 4 bays and 3 vacuums open and the car wash generated a gross income of $70,500 with an NOI of $54,000 in income in 2021. See spreadsheet for 2019-2020 incomes. Great location on 15th St E. 11,600 cars pass by daily. May be a redevelopment opportunity. Owners ready to retire
Location
State FL
County Manatee
Community Glazier Gallup List
Zoning GC
Direction E
Interior
Cooling None
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Block
New Construction false
Construction Status Appraisal,Inspections
Others
Ownership Other
Acceptable Financing Cash, Conventional, Lease Option, Lease Purchase
Listing Terms Cash, Conventional, Lease Option, Lease Purchase
Special Listing Condition None
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Bought with SARABAY REAL ESTATE INC