Turnkey Car Wash Business
4172 Lakeville Rd Geneseo, NY 14454
For Sale
$299,900
Pending
Six-bay self-service car wash in Geneseo, NY, for sale.
Property Size2,640 SF
Lot Size0.66 Acres
Days on Market690
Property Features for 4172 Lakeville Rd
General Information
Standard status
Pending
Size
2,640 SF
Lot size
0.66 Acres
Listing Agency:
Howard Hanna
(585) 703-9477
Listed By:
Terry M. Kelley · License #30KE090043X
(585) 703-9477
Source:
Exprealty
Added: Sep 6, 2024
Changed: Jul 6
Last Checked: Jul 26 at 11:02PM
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 Howard Hanna
Investment Insights
Based on property information with market context.
This turnkey operation features a 2,640 square foot block building with six self-serving car wash bays. Constructed in 1993 by the original owner, this is the first time the property has been offered for sale. Situated in the Village of Geneseo between Lakeville Road and Reservoir Road, the location benefits from high weekly traffic. The property presents an opportunity to own a self-serving car wash or convert some of the bays into a laser wash with credit card acceptance, as the current operation is cash-only. The central boiler room houses two boilers, a newer forced air natural gas furnace, and car wash equipment, including soaps and a coin dispenser. The floors of the bays have radiant heat under the concrete, and each bay has its own drain connected to the public sewer system. Six vacuum stations are available for interior car cleaning. The roof was replaced in 2011, and the property has been well-maintained. Located just minutes from I-390 and SUNY Geneseo, the property offers endless possibilities given its location between other businesses.
Key Highlights
- Turnkey car wash operation with six self‑serving bays in a high‑traffic location.
- Opportunity to convert bays into a laser wash with credit card acceptance.
- Well‑maintained building with radiant heat in the bays and a newer forced air natural gas furnace.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.2k | $15.60 |
| − Vacancy | −$2.7k | −$1.03 |
| EGI | $38.5k | $14.57 |
| − OpEx | −$11.5k | −$4.37 |
| NOI | $26.9k | $10.20 |
2,640 SF · lease $15.60/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$548.0K
$479.5K – $639.4K
NOI $38,363 @ 7.0% cap · market cap 12.79%
Second Best
Retail
$511.5K
$447.6K – $596.8K
NOI $35,805 @ 7.0% cap · market cap 11.94%
Theoretical Best
Office A
$723.2K
$632.8K – $843.8K
NOI $50,625 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self service car wash - Six-bay self-service car wash in Geneseo, NY, for sale.
Where is this self service car wash located?
The property is located at 4172 Lakeville Rd Geneseo, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Turnkey car wash operation with six self‑serving bays in a high‑traffic location.; Opportunity to convert bays into a laser wash with credit card acceptance.; Well‑maintained building with radiant heat in the bays and a newer forced air natural gas furnace.
