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    1102 3Rd St Farmville, VA 23901

    For Sale
    $2,999,900

    Established Car Wash Business, Great Potential

    Property size:
    4,012 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property offering presents a lucrative investment opportunity in Farmville, VA. The sale includes two strategically located properties: 2011 S Main St and 1102 W 3rd St, operating together as the well-established Washbox Carwash. The combined properties boast a total of 4,012 square feet situated on a half-acre lot. The 2011 S Main St location features one automatic bay and three self-serve bays. The 1102 W 3rd St location includes one automatic touch-free bay and one self-serve bay, along with a valuable addition: a garage featuring a well-rented apartment above. This provides a significant supplemental income stream. The sale price of $2,999,900 includes all existing equipment and the established business, offering immediate cash flow potential. Significant upgrades and improvements have been implemented within the last two to three years, enhancing the properties' value and operational efficiency. The business model is already proven successful in the Richmond metro area, and there's potential for further growth through the addition of monthly subscription services. This is a turnkey operation ready for a new owner to step in and capitalize on its existing success. Note that the owner is selling these two properties together only.

    Property Features for 1102 3Rd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,012 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    2001
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Taylor-Forbes Equipment Company Tractor Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmville
    County
    Prince Edward
    State
    Virginia
    Longitude
    -78.4092
    Latitude
    37.30428

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    FAQs

    What type of property is this?
    Commercial real estate - Established Car Wash Business, Great Potential
    Where is this commercial real estate located?
    The property is located at 1102 3Rd St Farmville, VA.
    What is the asking price?
    The asking price for this property is $2,999,900.
    (804) 288-2100
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    1102 3Rd St Farmville, VA 23901
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1102 3Rd St Farmville, VA 23901
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