Multi-Bay Self Service Car
18 Pine St Corinth, NY 12822
18 Pine St, Corinth, NY, 12822
$249,000
For Sale
$249,000
Car wash features four bays, heated floors, and a repaved parking lot, generating income from three vacuum units and three bays.
Property Size2,294 SF
Lot Size0.50 Acres
Price / SF$108.54
Days on Market13
Property Features for 18 Pine St
General Information
- Standard status
- Active
- Size
- 2,294 SF
- Lot size
- 0.50 Acres
Listing agency
Crosspoint Realty
(518) 307-6925
Listed by
Racheal Vaughn · License #40FL1093918
(518) 307-6925
Source
Exprealty
Added: Jul 10 Updated: Jul 22 at 10:09AM Checked: Jul 22 at 10:09AM
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 Crosspoint Realty
Investment Insights
Based on property information with market context.
This is a car wash property offering four bays, including three self-serve bays and one power wash bay. The site is currently generating income from three vacuum units and three of the four bays, with the drive-through bay described as needing some fine tuning. On the equipment side, the property includes a motorized pit cleaner, heated floors, and propane heat for winter operations. There is a security system in place, and utilities include three-phase electric with a 400-amp service.
Additional site improvements include a repaved parking lot completed about two years ago. The property is located in the town of Corinth, and the public remarks indicate it is the only car wash within a 10-mile radius.
The existing setup supports multiple income-producing components, with the remarks noting current vacuum and bay usage and potential to add additional vacuums and vending machines.
Additional site improvements include a repaved parking lot completed about two years ago. The property is located in the town of Corinth, and the public remarks indicate it is the only car wash within a 10-mile radius.
The existing setup supports multiple income-producing components, with the remarks noting current vacuum and bay usage and potential to add additional vacuums and vending machines.
Key Highlights
- Car wash with 4 bays: 3 self‑serve bays plus 1 power wash, with drive‑thru bay needing fine tuning
- Currently generates income from 3 vacuum units and 3 of the 4 bays
- 3‑phase electric with 400 amp service; motorized pit cleaner and heated floors
Local 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 | $21.7k | $9.48 |
| − Vacancy | −$1.5k | −$0.64 |
| EGI | $20.3k | $8.84 |
| − OpEx | −$6.1k | −$2.65 |
| NOI | $14.2k | $6.18 |
2,294 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$508.6K
$445.0K – $593.4K
NOI $35,602 @ 7.0% cap · market cap 14.30%
Second Best
Retail
$395.6K
$346.1K – $461.5K
NOI $27,690 @ 7.0% cap · market cap 11.12%
Theoretical Best
Office A
$686.6K
$600.8K – $801.1K
NOI $48,064 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Car Wash
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - Car wash features four bays, heated floors, and a repaved parking lot, generating income from three vacuum units and three bays.
Where is this car wash located?
The property is located at 18 Pine St Corinth, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Car wash with 4 bays: 3 self‑serve bays plus 1 power wash, with drive‑thru bay needing fine tuning; Currently generates income from 3 vacuum units and 3 of the 4 bays; 3‑phase electric with 400 amp service; motorized pit cleaner and heated floors
