Turnkey Car Wash on Corner
For Sale
$550,000
16436 Miles Ave, Cleveland, OH 44128
Turnkey car wash with two automatic bays and four self-service bays, open 24 hours on a signalized corner.
Property Size4,008 SF
Lot Size0.39 Acres
Price / SF$137.23
Days on Market96
Property Features for 16436 Miles Ave
General Information
Standard status
Active
Size
4,008 SF
Lot size
0.39 Acres
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Service Bays
6
Building Details
Year Built
2005
Listing Agency:
Olsen Ziegler Realty LLC
Listed By:
Chris H Olsen · License #2007005771
(216) 702-0537
Source:
Theacclaimedrealty
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 7 at 4:31PM
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 Olsen Ziegler Realty LLC
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Investment Insights
Based on property information with market context.
Aqua Clean Car Wash is a turnkey facility built in 2005 on a 0.39-acre signalized corner lot. The car wash offers 2 automatic bays, including 1 Soft Cloth Automatic Bay (Belanger Freestyler Rollover) and 1 No-Touch Automatic Bay (Hydroblast), plus 4 self-service bays. All bays accept credit and tokens. The site includes equipment such as vacuums, scent machines, and a shampooer. A 2026 technology upgrade includes a newly installed high-end point of sale (POS) system supporting modern contactless payments, mobile wallets, and encrypted credit transactions. Retail amenities include on-site vending products, and the facility is open 24 hours.
The property provides entrance access on Lee Road and exit access on Miles Avenue. Traffic counts are reported as 19,943 vehicles per day on Lee Rd and 13,918 vehicles per day on Miles Ave. Nearby businesses include AutoZone, O’Reilly Auto Parts, McDonald’s, Taco Bell, and Dunkin. Utilities are provided via public water and public sewer, with forced air plus radiant and space heater systems.
The property provides entrance access on Lee Road and exit access on Miles Avenue. Traffic counts are reported as 19,943 vehicles per day on Lee Rd and 13,918 vehicles per day on Miles Ave. Nearby businesses include AutoZone, O’Reilly Auto Parts, McDonald’s, Taco Bell, and Dunkin. Utilities are provided via public water and public sewer, with forced air plus radiant and space heater systems.
Key Highlights
- Aqua Clean Car Wash built in 2005 on a 0.39‑acre signalized corner lot in Cleveland (Cuyahoga County).
- 2 automatic bays: 1 soft cloth Belanger Freestyler Rollover and 1 no‑touch Hydroblast.
- Additional 4 self‑service bays; all bays accept credit and tokens.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,320
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,400
$1.0M
Cap Rate 7%
$718,857
$718.9K
Cap Rate 9%
$559,111
$559.1K
Market Conditions
NOI Build-Up for 4,008 SF
Gross rent
$72.1K $18.00/SF
− Vacancy
−$5.1K −$1.26/SF
EGI
$67.1K $16.74/SF
− OpEx
−$16.8K −$4.19/SF
NOI
$50.3K $12.56/SF
Area
Cleveland, OH
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,400
Cap Rate 7%
$718,857
Cap Rate 9%
$559,111
Alternative Uses
Best Use
Specialty Retail
$718.9K
$629.0K – $838.7K
NOI $50,320 @ 7.0% cap · market cap 9.15%
Second Best
Retail
$550.1K
$481.3K – $641.8K
NOI $38,507 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$978.1K
$855.8K – $1.14M
NOI $68,466 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 44128, OH
28,146
Population
14,184
Households
2
Avg Household Size
41
Median Age
18%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,198
Density / Sq Mi
$44,615
Median Household Income
$32,719
Median Earnings
$957
Median Rent
$90,200
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 Cleveland, OH
Frequently Asked Questions
What type of property is this?
Car wash - Turnkey car wash with two automatic bays and four self-service bays, open 24 hours on a signalized corner.
Where is this car wash located?
The property is located at 16436 Miles Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Aqua Clean Car Wash built in 2005 on a 0.39‑acre signalized corner lot in Cleveland (Cuyahoga County).; 2 automatic bays: 1 soft cloth Belanger Freestyler Rollover and 1 no‑touch Hydroblast.; Additional 4 self‑service bays; all bays accept credit and tokens.
