Established Car Wash with Vacant
2534 Hwy 25 S, Greenwood, SC 29646
COMMERCIAL - Greenwood, SC
Property size:
2,683 SFLot size:
1.34 AcresPrice / SF:
$167/SF- Added:
- Aug 13, 2025
- Days on Market:
- 282
- Last Refresh:
- May 21 at 6:06 pm
Property Features for 2534 Hwy 25 S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Standard status
- Active
- Size
- 2,683 SF
- Lot size
- 1.34 Acres
Building Details
- Year built
- 2005
Listing agent Renee Simchon (864) 388-0202
Listing office Greenwood Realty Inc. 225 Bypass 72W Suite C, Greenwood, SC (864) 388-0202
Listing date Aug 13, 2025
MLS# 134265
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on Hwy 25 in front of Food Lion and beside Dollar General, ensuring high visibility and traffic.
- Established car wash business generating $60,000+ average annual income since 2005.
- Adjoining vacant lot provides expansion potential for additional revenue streams.
- Turnkey operation with reliable Gin San and Vector equipment in 4 self‑service bays and 1 automatic touchless bay.
- Additional $300/month income from Dollar General sign lease.
- Cash business with a proven income history and loyal customer base.
Overview
This commercial property features an established, income-producing car wash and an adjoining vacant lot. The car wash, in operation since 2005, includes 4 self-service bays equipped with Gin San equipment, and 1 automatic touchless bay with Vector equipment. It also features high-performance pumps at 2,000 PSI and 4 gallons per minute, two 50-gallon air compressors and a heater, and six vacuums. The property generates an average annual income of $60,000, with an additional $300 per month from a Dollar General sign lease. The adjoining vacant lot offers expansion potential for an additional revenue stream, such as an oil change business or detail shop. The lot borders the Dollar General property on Hwy 25, ensuring visibility and traffic flow. The property is located on the south end of Greenwood, in front of Food Lion on Hwy 25 and beside Dollar General. The property size is 2,683 square feet on a 1.342-acre lot. The zoning is C-2.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$388.0K
NOI $34,917 @ 9.00% cap · cautious / downside scenario
Moderate
$498.8K
NOI $34,917 @ 7.00% cap · market / base-case scenario
Aggressive
$698.3K
NOI $34,917 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $18.00 |
| − Vacancy | −$1.7k | −$0.65 |
| EGI | $46.6k | $17.35 |
| − OpEx | −$11.6k | −$4.34 |
| NOI | $34.9k | $13.01 |
2,683 SF · lease $18.00/SF/yr · vacancy 3.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$498.8K
$436.5K – $582.0K
NOI $34,917 @ 7.0% cap · market cap 7.78%
Second Best
Industrial
$225.8K
$197.6K – $263.4K
NOI $15,804 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$842.8K
$737.5K – $983.3K
NOI $58,998 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Self service car ...
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Greenwood
- State
- South Carolina
- Longitude
- -82.1398847
- Latitude
- 34.1553242
Nearby Similar for Sale
FAQs
What type of property is this?
Self service car wash - Income-producing car wash with expansion potential in high-traffic location.
Where is this self service car wash located?
The property is located at 2534 Hwy 25 S Greenwood, SC.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Prime location on Hwy 25 in front of Food Lion and beside Dollar General, ensuring high visibility and traffic.; Established car wash business generating $60,000+ average annual income since 2005.; Adjoining vacant lot provides expansion potential for additional revenue streams.
