Two-Bay Self-Service Car
For Sale
$675,000
2926 State Route 28, Old Forge, NY 13420
Operating around the clock with automatic and self-service washing options.
Property Size2,108 SF
Price / SF$320.21
Days on Market55
Property Features for 2926 State Route 28
General Information
Standard status
Active
Size
2,108 SF
Additional Details
Business Included
Yes
Car Wash Bays
2
Amenities
Outdoor washing station
Building Details
Year Built
1972
Buildings
1
Abandoned
No
Listing Agency:
Benn Realty
Listed By:
David Bradt · License #10401315222
(917) 698-3473
Source:
Skinnercnyrealty
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 7 at 1:09PM
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 Benn Realty
Investment Insights
Based on property information with market context.
This 2,108-square-foot car wash at 2926 State Route 28 includes two washing bays: one automatic and one self-service. An additional outdoor wash station is positioned along the side of the building. The operation runs continuously, and equipment installed beginning in 2022 includes a PDQ LaserWash 360 touchless automatic system.
Located in Old Forge, the property serves a resort community with both seasonal and year-round traffic. The facility combines automated and customer-operated washing formats within a compact commercial building.
Located in Old Forge, the property serves a resort community with both seasonal and year-round traffic. The facility combines automated and customer-operated washing formats within a compact commercial building.
Key Highlights
- 2,108 SF car wash at 2926 State Route 28, Old Forge, NY
- Two bays: one automatic and one self‑service
- Additional outdoor washing station along the building’s side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,494
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,880
$689.9K
Cap Rate 7%
$492,771
$492.8K
Cap Rate 9%
$383,267
$383.3K
Market Conditions
NOI Build-Up for 2,108 SF
Gross rent
$50.6K $24.00/SF
− Vacancy
−$1.3K −$0.62/SF
EGI
$49.3K $23.38/SF
− OpEx
−$14.8K −$7.01/SF
NOI
$34.5K $16.36/SF
Area
Herkimer County, NY
Vacancy
2.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,880
Cap Rate 7%
$492,771
Cap Rate 9%
$383,267
Alternative Uses
Best Use
Retail
$492.8K
$431.2K – $574.9K
NOI $34,494 @ 7.0% cap · market cap 5.11%
Second Best
Specialty Retail
$389.5K
$340.8K – $454.4K
NOI $27,263 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,921 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 13420, NY
1,263
Population
2,441
Households
0.5
Avg Household Size
55
Median Age
62%
College-Educated
91%
High-School Grad
148.2 sq mi
ZIP Area
9
Density / Sq Mi
$107,770
Median Household Income
$47,346
Median Earnings
$348,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Self service car wash - Operating around the clock with automatic and self-service washing options.
Where is this self service car wash located?
The property is located at 2926 State Route 28 Old Forge, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,108 SF car wash at 2926 State Route 28, Old Forge, NY; Two bays: one automatic and one self‑service; Additional outdoor washing station along the building’s side
