Six-Bay Car Wash Service
423-433 Hanover Ave Allentown, PA 18109
423-433 Hanover Ave, Allentown, PA, 18109
Contact for pricing
For Sale
Contact for pricing
Six-bay service garage and car wash offered for sale on heavily traveled Hanover Ave in Allentown.
Property Size2,694 SF
Price / SF$141.02
Days on Market80
Property Features for 423-433 Hanover Ave
General Information
- Standard status
- Active
- Size
- 2,694 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1492
Listing agency
Bergstresser Real Estate Inc.
(215) 721-6400
Listed by
Amy Bergstresser · License #RM423593
Source
Crexi
Added: May 5 Updated: Jul 23 at 4:31AM Checked: Jul 23 at 4:31AM
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 Bergstresser Real Estate Inc.
Investment Insights
Based on property information with market context.
This offering includes a six-bay service garage/car wash facility sold as-is. The property is presented for purchase as a car wash, and the configuration also lends itself to conversion to a service garage with some work.
The site is located on heavily traveled Hanover Ave in Allentown, positioning the business for visibility from passing traffic.
The seller is offering the property in as-is condition, with the total facility size listed as 2,694 square feet.
The site is located on heavily traveled Hanover Ave in Allentown, positioning the business for visibility from passing traffic.
The seller is offering the property in as-is condition, with the total facility size listed as 2,694 square feet.
Key Highlights
- Six‑bay service garage and car wash offered for sale on heavily traveled Hanover Ave in Allentown
- Currently offered as‑is as a car wash
- With some work, property has potential to operate as a cash business
Local Financial Insights For 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 | $50.1k | $18.60 |
| − Vacancy | −$2.7k | −$1.00 |
| EGI | $47.4k | $17.60 |
| − OpEx | −$14.2k | −$5.28 |
| NOI | $33.2k | $12.32 |
2,694 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$529.3K
$463.1K – $617.5K
NOI $37,048 @ 7.0% cap · market cap 9.75%
Second Best
Retail
$474.0K
$414.8K – $553.0K
NOI $33,182 @ 7.0% cap · market cap 8.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - Six-bay service garage and car wash offered for sale on heavily traveled Hanover Ave in Allentown.
Where is this car wash located?
The property is located at 423-433 Hanover Ave Allentown, PA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Six‑bay service garage and car wash offered for sale on heavily traveled Hanover Ave in Allentown; Currently offered as‑is as a car wash; With some work, property has potential to operate as a cash business
