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690-696 River St Troy, NY 12180

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For Sale
$1,500,000

Car wash with new equipment and growth potential.

Property size:
1,636 SF
Lot size:
0.40 Acres

Property Features for 690-696 River St

General Information

Standard status
Active
Size
1,636 SF
Lot size
0.40 Acres

Building Details

Year built
1954

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Listing Contact
Joseph P Cardinale
Joseph P Cardinale
Source: Corcoran

Listing Agency: HOWARD HANNA CAPITAL INC Listing Agent: Joseph P Cardinale

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Troy Car Wash For Sale

This commercial property is a car wash facility featuring replaced equipment from 2020. The property has radiant heating on the tunnel entrance and exit pads, as well as self-serve floors with 10-foot runouts. It includes a complete Balanger and Sonny's Tunnel System with Innovation Control System from 2020, along with a Sonny's Banana Peel 120-foot Conveyor System with Hydraulic Pump Drive, also from 2020. Additionally, there is a Carolina Pride Express 4 Bay Self Serves system complete from 2020. The property is positioned to benefit from the revitalization of Troy, offering significant growth potential. The property size is 1636 square feet. The abutting street has an AADT of 11372, and another street has an AADT of 5289.
Location Intelligence

Current Use by Public Records

Car washes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Troy
County
Albany
State
New York
Longitude
-73.6835368
Latitude
42.745581

FAQs

What type of property is this?
Car wash - Car wash with new equipment and growth potential.
Where is this car wash located?
The property is located at 690-696 River St Troy, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - High CAP Rate: Approximate 8.1% CAP rate, with potential to exceed 10%.; - New Car Wash Equipment: All car wash equipment replaced in 2020 with top-of-the-line systems.; - Complete Tunnel System: Features a complete Balanger Sonny's Tunnel System with Innovation Control System (2020).
More about this property
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