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Industrial Property with Car Wash

12911301 Lake Washington Rd, Melbourne, FL 32935

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For Sale

$2,250,000

Two properties on one parcel, warehouse and car wash.

Property size:

13,704 SF

Lot size:

1.88 Acres

Price / SF:

$164/SF

HighLights

Sale‑lease‑back opportunity with two properties (car wash and warehouse) on one parcel.
Substantial square footage: 13,704 SF +/- total (3,704 SF car wash + 10,000 SF warehouse) on 1.88 acres +/-.
High‑visibility corner location with significant frontage (414' on Lake Washington Road x 206' on Avocado Avenue).
Warehouse features: 10,000 SF with showroom/office space, high ceilings (13' 6'' - 15' 6'' +/-), and three grade‑level doors (12' x 14' +/-).
Car wash: 2006 construction with 7 bays and 8 vacuums.
Convenient access to major transportation routes (I‑95 and US1) and employment hubs (Melbourne International Airport, Holmes Hospital, Downtown Eau Gallie Arts District).

We can help!

Listing Contact

Zachary Michael Ullian

Learn more

For Sale

$2,250,000

Two properties on one parcel, warehouse and car wash.

Property size:

13,704 SF

Lot size:

1.88 Acres

Price / SF:

$164/SF

Added:: Feb 13, 2025
Days on Market:: 484
Last Refresh:: Jan 20 at 10:45 am

Property Features for 12911301 Lake Washington Rd

General Information

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

We can help!

Listing Contact

Zachary Michael Ullian

Listing agent Zachary Michael Ullian License #3445627

Listing office The Ullian Realty Corporation

Listing date Feb 13, 2025

Source Exprealty

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

Sale‑lease‑back opportunity with two properties (car wash and warehouse) on one parcel.
Substantial square footage: 13,704 SF +/- total (3,704 SF car wash + 10,000 SF warehouse) on 1.88 acres +/-.
High‑visibility corner location with significant frontage (414' on Lake Washington Road x 206' on Avocado Avenue).
Warehouse features: 10,000 SF with showroom/office space, high ceilings (13' 6'' - 15' 6'' +/-), and three grade‑level doors (12' x 14' +/-).
Car wash: 2006 construction with 7 bays and 8 vacuums.
Convenient access to major transportation routes (I‑95 and US1) and employment hubs (Melbourne International Airport, Holmes Hospital, Downtown Eau Gallie Arts District).

Overview

This property features two buildings on a single parcel, including a 3,704 square foot concrete block car wash constructed in 2006, and a 10,000 square foot warehouse. The car wash includes 7 bays and 8 vacuum stations. The warehouse space is divided into an estimated 3,500 square foot showroom/office area and a 6,500 square foot warehouse area. The warehouse has a clear height ranging from 13 feet 6 inches to 15 feet 6 inches, and includes three grade-level doors, each measuring 12 feet wide by 14 feet tall. Situated on a corner lot, the property has approximately 414 feet of frontage on Lake Washington Road and 206 feet of frontage on Avocado Avenue. The site provides 29 paved and striped parking spaces. Utilities include sewer, separately metered FPL electric, and city water. Located in Brevard County, also known as Florida's Space Coast, the property is near major employment centers such as the Melbourne International Airport, Holmes Hospital, and the Downtown Eau Gallie Arts District. Interstate 95 and US1 are also located nearby. The property is intended for industrial use.

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.

Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

Location Insight

Map
Local Demand

City: Melbourne
County: Brevard
State: Florida
Longitude: -80.7342
Latitude: 28.1472

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For sale
Car washes
FL
Melbourne
32935
12911301 Lake Washington Rd

What type of property is this?

Car wash - Two properties on one parcel, warehouse and car wash.

Where is this car wash located?

The property is located at 12911301 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: Sale‑lease‑back opportunity with two properties (car wash and warehouse) on one parcel.; Substantial square footage: 13,704 SF +/- total (3,704 SF car wash + 10,000 SF warehouse) on 1.88 acres +/-.; **High‑visibility corner location with significant frontage (414' on Lake Washington Road x 206' on Avocado Avenue).**