Car Wash with Four
18 Pine Street Corinth, NY 12822
18 Pine Street, Corinth, NY, 12822
$249,000
For Sale
$249,000
Car wash property features four bays, including three self-serve bays and one power wash bay.
Property Size2,294 SF
Lot Size0.50 Acres
Price / SF$108.54
Days on Market12
Property Features for 18 Pine Street
General Information
- Standard status
- Active
- Size
- 2,294 SF
- Lot size
- 0.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
BERKSHIRE HATHAWAY HOMESERVICES BLAKE, REALTORS
(518) 793-6628
Listed by
RACHEAL VAUGHN · License #40FL1093918
Source
Corcoran
Added: Jul 11 Updated: Jul 22 at 6:09AM Checked: Jul 22 at 6:09AM
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 BERKSHIRE HATHAWAY HOMESERVICES BLAKE, REALTORS
Investment Insights
Based on property information with market context.
This for-sale car wash property is built around four bays, including three self-serve bays and one power wash bay. The facility currently generates income from three vacuum stations and three of the four bays. Equipment includes a motorized pit cleaner and heated floors, supported by 3-phase electric with a 400-amp service. For winter operation, the property uses propane heat for the equipment, and a security system is in place.
The paved parking lot was repaved within the last two years. The drive-through bay is described as needing some fine-tuning, and the site includes a half-acre parcel in the town of Corinth.
Additional operational upside is noted in the remarks, including the potential to add vending machines and more vacuums, alongside existing vacuum and bay usage.
The paved parking lot was repaved within the last two years. The drive-through bay is described as needing some fine-tuning, and the site includes a half-acre parcel in the town of Corinth.
Additional operational upside is noted in the remarks, including the potential to add vending machines and more vacuums, alongside existing vacuum and bay usage.
Key Highlights
- Car wash on a half‑acre lot in the town of Corinth with 4 bays: 3 self‑serve bays and 1 power wash bay
- Current income from 3 vacuum stations and 3 of the 4 bays
- 3‑phase electric with 400 amp service plus propane heat for equipment during winter months
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
Self service car ...
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FAQs
What type of property is this?
Self service car wash - Car wash property features four bays, including three self-serve bays and one power wash bay.
Where is this self service car wash located?
The property is located at 18 Pine Street 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 on a half‑acre lot in the town of Corinth with 4 bays: 3 self‑serve bays and 1 power wash bay; Current income from 3 vacuum stations and 3 of the 4 bays; 3‑phase electric with 400 amp service plus propane heat for equipment during winter months
