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    516 Glades Rd Berea, KY 40403

    For Sale
    $435,000

    Established Car Wash, High Traffic Area, Great Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This thriving Berea, KY car wash presents a unique investment opportunity. Established in 1990, this well-maintained business boasts a prime location in a high-traffic area, ensuring consistent customer flow. The property includes 3 self-serve power wash bays and 1 automatic bay equipped with new 45HP freestanding dryers, providing customers with customizable touch-free and brush wash options. Four vacuums and three vending machines add to the revenue streams. A significant inventory of over $50,000 in automatic replacement parts is included, minimizing downtime and operational costs. The property also features a convenient storage building. All bays accept credit cards, streamlining transactions. A comprehensive surveillance system with remote viewing capabilities ensures security and operational oversight. The 0.46-acre lot provides ample space for potential expansion and future development. This turnkey operation offers immediate passive income potential with significant upside for growth through service expansion or increased customer acquisition. The strong existing foundation and ideal location make this a compelling investment opportunity for those seeking a profitable and established business.

    Property Features for 516 Glades Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,038 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.27735
    Latitude
    37.58542

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    FAQs

    What type of property is this?
    Commercial real estate - Established Car Wash, High Traffic Area, Great Investment
    Where is this commercial real estate located?
    The property is located at 516 Glades Rd Berea, KY.
    What is the asking price?
    The asking price for this property is $435,000.
    (859) 544-6175
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    516 Glades Rd Berea, KY 40403
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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
    516 Glades Rd Berea, KY 40403
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