Self-Service Car
For Sale
$250,000
1935 Central Avenue, Middletown, OH 45044
Commercial Sale, Middletown, OH
Property Size2,782 SF
Lot Size0.51 Acres
Price / SF$89.86
Days on Market138
Property Features for 1935 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security Lighting
Interior features
Security Light, Smoke Detector, Alarm System, Drive-in Door
Exterior features
Lights
Directions
St Rt 122 to Dixie highway to R on Central Ave
Subdivision
Butler-W19
Standard status
Active
APN
Q6532028000101
Size
2,782 SF
Lot size
0.51 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
2002
Flooring type
Concrete
Building materials
Block, Brick
Roof type
Metal
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 874-3300
Listed By:
Patricia Hamilton
(513) 766-9200
Added: Jun 13
Changed: Oct 7
Last Checked: Oct 28 at 2:06AM
MLS# 1883079
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,782-square-foot car wash property occupies 0.51 acres and includes a combination of self-service and automatic washing facilities. The site has four self-service bays, two automatic bays, five vacuums, six vending machines, a fragrance machine, a change machine, and a credit card reader. Hoses, brushes, and sprayers for the vacuum and self-service equipment are stored inside the building.
Built in 2002, the block-and-brick building features concrete flooring, a metal roof, natural gas heat, a drive-in door, security lighting, smoke detection, and an alarm system. Exterior lighting supports the operating improvements. The property is located on Central Avenue in Middletown, next to a new Dollar Tree.
Built in 2002, the block-and-brick building features concrete flooring, a metal roof, natural gas heat, a drive-in door, security lighting, smoke detection, and an alarm system. Exterior lighting supports the operating improvements. The property is located on Central Avenue in Middletown, next to a new Dollar Tree.
Key Highlights
- 2,782‑square‑foot car wash on 0.51 acres
- Four self‑service bays and two automatic bays
- Five vacuums and six vending machines
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
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - Established automotive property with automated and self-service washing components, vacuum stations, vending, and payment equipment.
Where is this car wash located?
The property is located at 1935 Central Avenue 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: 2,782‑square‑foot car wash on 0.51 acres; Four self‑service bays and two automatic bays; Five vacuums and six vending machines
