Car Wash and Showroom/Warehouse

1291 Lake Washington Rd, Melbourne, FL

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For Sale

Contact for pricing

Car wash, showroom, and warehouse property for sale.

Type:INDUSTRIAL

Property size:

13,704 SF

Lot size:

1.88 Acres

Price / SF:

$164/SF

HighLights

10,000 SF Showroom/Office + Warehouse Space
M&M Carpet & Tile Will Lease‑Back at Closing
High Traffic Count: Est. 14,700 VPD on Lake Washington Road
Warehouse with Three 12’ Wide x 14’ Tall Grade Level Doors
2006 Concrete Block Car Wash (3,704 SF) with 7 Bays + 8 Vacuums
414’ Frontage on Lake Washington x 206’ Frontage on Avocado Avenue

We can help!

Listing Contact

Michael S. Ullian

For Sale

Contact for pricing

Car wash, showroom, and warehouse property for sale.

Type:INDUSTRIAL

Property size:

13,704 SF

Lot size:

1.88 Acres

Price / SF:

$164/SF

Added:: Mar 22, 2025
Days on Market:: 450
Last Refresh:: May 20 at 8:25 pm

Property Features for 1291 Lake Washington Rd

General Information

Standard status: Active
Size: 13,704 SF
Lot size: 1.88 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Michael S. Ullian

Listing agent Zachary Ullian

Listing office The Ullian Realty Corporation

Listing date Mar 22, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Ullian Realty Corporation

HighLights

10,000 SF Showroom/Office + Warehouse Space
M&M Carpet & Tile Will Lease‑Back at Closing
High Traffic Count: Est. 14,700 VPD on Lake Washington Road
Warehouse with Three 12’ Wide x 14’ Tall Grade Level Doors
2006 Concrete Block Car Wash (3,704 SF) with 7 Bays + 8 Vacuums
414’ Frontage on Lake Washington x 206’ Frontage on Avocado Avenue

Overview

This property features a 3,704 square foot car wash constructed in 2006 with concrete block. The car wash includes 7 bays and 8 vacuum stations, and has not been operated since 2020. Additionally, there is a showroom/office space estimated at 3,500 square feet, accompanied by a 6,500 square foot warehouse, totaling 10,000 square feet. The showroom/office area comprises 4 offices, a conference room, a break room, and 3 restrooms, benefiting from ample natural light through numerous windows. The warehouse offers an estimated clear height ranging from 13 feet 6 inches to 15 feet 6 inches, and is equipped with three grade-level doors, each approximately 12 feet wide and 14 feet tall. The current tenant, M&M Carpet & Tile, will lease-back the property at closing. The property includes a total of 29 paved and striped parking spaces. Utilities include sewer, with separate metering for FPL electric and city water. The property has an estimated 414 feet of frontage on Lake Washington and 206 feet of frontage on Avocado Avenue. The traffic count is estimated at 14,700 vehicles per day on Lake Washington Road. The property is suitable for automotive, retail, showroom, warehouse, and industrial purposes.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$263.1k	$19.20
− Vacancy	−$19.7k	−$1.44
EGI	$243.4k	$17.76
− OpEx	−$60.8k	−$4.44
NOI	$182.5k	$13.32

13,704 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.61M

$2.28M – $3.04M (±1% cap)

NOI $182,537 @ 7.0% cap · market cap 8.11%

Second Best

Retail

$2.26M

$1.97M – $2.63M (±1% cap)

NOI $157,993 @ 7.0% cap · market cap 7.02%

Theoretical Best

Office A

$3.62M

$3.16M – $4.22M (±1% cap)

NOI $253,085 @ 7.0% cap · market cap 11.25%

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

Property Profile Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

Location Insight

Map
Local Demand

City: Melbourne
County: Brevard
State: Florida
Longitude: -80.6403
Latitude: 28.1467

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For sale
Car washes
FL
Melbourne
1291 Lake Washington Rd

What type of property is this?

Car wash - Car wash, showroom, and warehouse property for sale.

Where is this car wash located?

The property is located at 1291 Lake Washington Rd Melbourne, FL.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 10,000 SF Showroom/Office + Warehouse Space; M&M Carpet & Tile Will Lease‑Back at Closing; High Traffic Count: Est. 14,700 VPD on Lake Washington Road

1291 Lake Washington Rd, Melbourne, FL

Car wash, showroom, and warehouse property for sale.

Property Features for 1291 Lake Washington Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant Space in Avenue Viera

Established Italian Restaurant Opportunity

Two-Building Office Property with Parking

Updated Medical Office in Melbourne

Commercial Building on Highway 1

Mixed-Use Commercial Building with Loading Dock

Established Restaurant in High-Traffic Plaza

Restored Multifamily in Arts District

Melbourne, FL Commercial Property

Small Office Building with Garage

Highway Frontage Retail Opportunity

Duplex Live-Work Property

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