Redevelopment Car Wash
3300 Central Pkwy Cincinnati, OH 45225
For Sale
$1,000,000
Three contiguous parcels totaling 1.83 acres with an existing car wash structure on Central Parkway.
Property Size5,785 SF
Lot Size1.83 Acres
Price / SF$172.86
Days on Market8
Property Features for 3300 Central Pkwy
General Information
- Standard status
- Active
- Size
- 5,785 SF
- Lot size
- 1.83 Acres
- Property subtype
- retail
Listing Agency:
Cincinnati
(502) 426-1300
Listed By:
Todd Pease · License #217433
Source:
Property.jll
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 23 at 3:50PM
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 Cincinnati
Investment Insights
Based on property information with market context.
This for-sale redevelopment and land sale opportunity includes an existing structure on a 1.83-acre site comprised of three combined, contiguous parcels. The sale grants ownership of both the existing building and the adjacent land, supporting immediate use or future development.
The property has a stated 74-year history as a full-service car wash, with the site positioned to support continued automotive use or other development concepts. It is located about 2 miles north of Cincinnati’s CBD along Central Parkway, with direct I-75 access and proximity to the University of Cincinnati, Cincinnati Zoo, and Cincinnati Children’s Hospital.
For buyers seeking flexibility, the combined parcel layout can support infill development or ground-up construction within a single ownership footprint.
The property has a stated 74-year history as a full-service car wash, with the site positioned to support continued automotive use or other development concepts. It is located about 2 miles north of Cincinnati’s CBD along Central Parkway, with direct I-75 access and proximity to the University of Cincinnati, Cincinnati Zoo, and Cincinnati Children’s Hospital.
For buyers seeking flexibility, the combined parcel layout can support infill development or ground-up construction within a single ownership footprint.
Key Highlights
- 1.83‑acre site in Cincinnati’s Midtown/Clifton area with three contiguous parcels
- Existing structure on site, historically operated as a full‑service car wash for 74 years
- Sale includes ownership of the existing structure and the adjacent contiguous land parcels
Financial Insights For Specialty Retail
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 | $111.1k | $19.20 |
| − Vacancy | −$7.8k | −$1.34 |
| EGI | $103.3k | $17.86 |
| − OpEx | −$25.8k | −$4.46 |
| NOI | $77.5k | $13.39 |
5,785 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.11M
$968.4K – $1.29M
NOI $77,473 @ 7.0% cap · market cap 7.75%
Second Best
Retail
$952.8K
$833.7K – $1.11M
NOI $66,695 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,498 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
City of Cincinnati Police ...
Government Office
FAQs
What type of property is this?
Self service car wash - Three contiguous parcels totaling 1.83 acres with an existing car wash structure on Central Parkway.
Where is this self service car wash located?
The property is located at 3300 Central Pkwy Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1.83‑acre site in Cincinnati’s Midtown/Clifton area with three contiguous parcels; Existing structure on site, historically operated as a full‑service car wash for 74 years; Sale includes ownership of the existing structure and the adjacent contiguous land parcels
