Self-Serve and Automatic Car
For Sale
$250,000
1935 Central Ave, Middletown, OH 45044
Configured with four self-serve bays, two automatic bays, and multiple vacuum and vending systems, plus related equipment and storage.
Property Size2,782 SF
Price / SF$89.86
Days on Market93
Property Features for 1935 Central Ave
General Information
Standard status
Active
Size
2,782 SF
Additional Details
Business Included
Yes
Service Bays
6
Building Details
Year Built
2002
Listing Agency:
Keller Williams Advisors
Listed By:
Patricia Hamilton
(937) 829-2694
Source:
Finn-team
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 7 at 1:32PM
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 Keller Williams Advisors
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Investment Insights
Based on property information with market context.
This property is currently set up as a car wash business and includes the equipment and inventory for ongoing operation. The wash features 4 self-serve bays and 2 automatic bays, along with 5 vacuums and 6 vending machines. Additional systems included are a fragramatic machine, a change machine, and a credit card reader. Hoses, brushes, and sprayers for the vacuums and self-serve bays are removed and stored inside the building.
The site is located at 1935 Central Ave in Middletown, OH, in a high-traffic area and next to a new Dollar Tree.
While it is operating as a car wash, the property can be repurposed for other commercial uses such as retail, office space, a restaurant, or a car lot, depending on buyer needs.
The site is located at 1935 Central Ave in Middletown, OH, in a high-traffic area and next to a new Dollar Tree.
While it is operating as a car wash, the property can be repurposed for other commercial uses such as retail, office space, a restaurant, or a car lot, depending on buyer needs.
Key Highlights
- Currently set up as a car wash business with 4 self‑serve bays and 2 automatic bays
- Includes approximately $250,000 in equipment and inventory
- Car wash amenities include 5 vacuums, fragramatic machine, change machine, and a credit card reader
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,499
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,980
$350.0K
Cap Rate 7%
$249,986
$250.0K
Cap Rate 9%
$194,433
$194.4K
Market Conditions
NOI Build-Up for 2,782 SF
Gross rent
$26.7K $9.60/SF
− Vacancy
−$1.7K −$0.61/SF
EGI
$25.0K $8.99/SF
− OpEx
−$7.5K −$2.70/SF
NOI
$17.5K $6.29/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,980
Cap Rate 7%
$249,986
Cap Rate 9%
$194,433
Alternative Uses
Best Use
Specialty Retail
$418.5K
$366.2K – $488.2K
NOI $29,294 @ 7.0% cap · market cap 11.72%
Second Best
Industrial
$250.0K
$218.7K – $291.7K
NOI $17,499 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$550.1K
$481.3K – $641.7K
NOI $38,504 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 45044, OH
56,128
Population
21,645
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
37.8 sq mi
ZIP Area
1,485
Density / Sq Mi
$71,942
Median Household Income
$40,568
Median Earnings
$1,034
Median Rent
$230,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Self service car wash - Configured with four self-serve bays, two automatic bays, and multiple vacuum and vending systems, plus related equipment and storage.
Where is this self service car wash located?
The property is located at 1935 Central Ave Middletown, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Currently set up as a car wash business with 4 self‑serve bays and 2 automatic bays; Includes approximately $250,000 in equipment and inventory; Car wash amenities include 5 vacuums, fragramatic machine, change machine, and a credit card reader
