Two-Location Car Wash
For Sale
$80,000
635-639 Maple Avenue, Johnstown, PA 15901
Coin-operated equipment, change machines, and vacuum stations support operations at both car wash locations.
Property Size1,127 SF
Price / SF$70.98
Days on Market744
Property Features for 635-639 Maple Avenue
General Information
Standard status
Active
Size
1,127 SF
Additional Details
Car Wash Bays
6
Taxes and HOA fees
Annual Taxes
$976
Listing Agency:
RE/MAX POWER Associates
(814) 254-4743
Listed By:
Don Colvin & Erin Colvin
(814) 418-3021
Source:
Exprealty
Added: Oct 3, 2024
Changed: Oct 8
Last Checked: Oct 15 at 12:58AM
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 RE/MAX POWER Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This car wash offering combines two operating locations sold together: the Maple Avenue property at 635-639 Maple Avenue and the Strayer Street property at 266 Strayer Street. The Maple Avenue site includes two wash bays, while the Strayer Street site provides four bays.
Both properties feature vacuum stations and coin-operated equipment, with change machines available on site. Each location is sewer compliant, adding a documented infrastructure characteristic to the package.
Both properties feature vacuum stations and coin-operated equipment, with change machines available on site. Each location is sewer compliant, adding a documented infrastructure characteristic to the package.
Key Highlights
- Two car wash properties offered together at 635‑639 Maple Avenue and 266 Strayer Street
- Strayer Street location includes 4 bays
- Maple Avenue location includes 2 bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,576
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,520
$131.5K
Cap Rate 7%
$93,943
$93.9K
Cap Rate 9%
$73,067
$73.1K
Market Conditions
NOI Build-Up for 1,127 SF
Gross rent
$10.0K $8.83/SF
− Vacancy
−$557 −$0.49/SF
EGI
$9.4K $8.34/SF
− OpEx
−$2.8K −$2.50/SF
NOI
$6.6K $5.83/SF
Area
Cambria County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,520
Cap Rate 7%
$93,943
Cap Rate 9%
$73,067
Alternative Uses
Best Use
Specialty Retail
$162.1K
$141.8K – $189.1K
NOI $11,347 @ 7.0% cap · market cap 14.18%
Second Best
Retail
$158.9K
$139.0K – $185.4K
NOI $11,123 @ 7.0% cap · market cap 13.90%
Theoretical Best
Office A
$340.0K
$297.5K – $396.7K
NOI $23,802 @ 7.0% cap · market cap 29.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 15901, PA
3,379
Population
2,629
Households
1.3
Avg Household Size
50
Median Age
12%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
2,253
Density / Sq Mi
$27,946
Median Household Income
$27,258
Median Earnings
$476
Median Rent
$19,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Car wash - Coin-operated equipment, change machines, and vacuum stations support operations at both car wash locations.
Where is this car wash located?
The property is located at 635-639 Maple Avenue Johnstown, PA.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Two car wash properties offered together at 635‑639 Maple Avenue and 266 Strayer Street; Strayer Street location includes 4 bays; Maple Avenue location includes 2 bays
