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    100 Putnam Plz Greencastle, IN 46135

    For Sale
    $1,200,000

    Turnkey car washes, immediate income.

    Property size:
    100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    Exceptional investment opportunity encompassing two thriving, established car washes in high-traffic locations. The Greencastle location, situated at 100 Putnam Plaza, boasts six washing bays, including one automated touchless bay, within a bustling shopping center. This location also includes vacuums, vending machines dispensing cleaning supplies, a change machine, a small office, and a supply room. The Cloverdale location, at 503 N. Main St., offers five washing bays, one of which is an automated touchless bay, enjoying excellent visibility on a busy thoroughfare. Similar amenities are present, including vacuums, cleaning supply vending machines, a change machine, a small office, and a supply room. Both car washes are meticulously maintained and come complete with inventory sufficient to sustain operations for several months, ensuring a seamless transition for the new owner. The Greencastle property sits on a 0.67-acre lot and encompasses 100 square feet of building space. This turnkey operation presents a rare chance to acquire a profitable, established business with immediate revenue potential. The asking price for this exceptional dual-location car wash business is $1,200,000.

    Property Features for 100 Putnam Plz

    General Information

    Property type
    Other commercial real estate
    Square Feet
    100 SF
    Lot Size
    29,185 SF

    Building Details

    Year Built
    2020
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greencastle
    County
    Putnam
    State
    Indiana
    Longitude
    -86.83133
    Latitude
    39.64822

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey car washes, immediate income.
    Where is this commercial real estate located?
    The property is located at 100 Putnam Plz Greencastle, IN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (765) 653-4663
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    100 Putnam Plz Greencastle, IN 46135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 Putnam Plz Greencastle, IN 46135
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