690-696 River Street Troy, NY 12180

Building Details

Year Built

1954

Listing Agency HOWARD HANNA CAPITAL INC j***@howardhanna.com Show Phone

Listed by JOSEPH P CARDINALE · License #10401290174

Source Corcoran

Added: Jan 28 Updated: Jul 10 at 12:54 pm Checked: Jul 20 at 3:32 am

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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).

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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 Street 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).