Turnkey Car Wash
For Sale
$2,000,000
709 CENTRAL AVE, Union City, NJ 07087
Turnkey car wash real estate sale with existing wash equipment, fixtures, and laundry systems included.
Property Size2,900 SF
Price / SF$689.66
Days on Market52
Property Features for 709 CENTRAL AVE
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$20,123
Listing Agency:
ACCESS HOMES REALTY
(201) 766-2565
Listed By:
GUSTAVO SANTACRUZ · License #0566928
Source:
Corcoran
Added: Jul 2
Changed: Aug 21
Last Checked: Aug 21 at 8:24AM
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 ACCESS HOMES REALTY
Investment Insights
Based on property information with market context.
The offering is a for-sale car wash property that includes an operating, turnkey business. The approximately 2,900-square-foot site is described as fully equipped with car wash equipment and machinery, along with fixtures and a washer and dryer. This setup is intended to support immediate operations without requiring major equipment procurement.
The property is located at 709 Central Ave in Union City, NJ, positioned in a high-traffic commercial corridor with visibility and pedestrian and vehicle exposure. Public remarks also note proximity to Bergenline Avenue and nearby residential neighborhoods, schools, restaurants, retail stores, public transportation, and access to Hoboken, Weehawken, Jersey City, and New York City.
For buyers, this configuration can fit an owner-operator seeking to run a car wash on-site using the included equipment and laundry facilities, or an investor looking to acquire both the real estate and the established operating business together. The listing is presented as a combined purchase opportunity for those interested in a ready-to-operate automotive service use.
The property is located at 709 Central Ave in Union City, NJ, positioned in a high-traffic commercial corridor with visibility and pedestrian and vehicle exposure. Public remarks also note proximity to Bergenline Avenue and nearby residential neighborhoods, schools, restaurants, retail stores, public transportation, and access to Hoboken, Weehawken, Jersey City, and New York City.
For buyers, this configuration can fit an owner-operator seeking to run a car wash on-site using the included equipment and laundry facilities, or an investor looking to acquire both the real estate and the established operating business together. The listing is presented as a combined purchase opportunity for those interested in a ready-to-operate automotive service use.
Key Highlights
- Car wash business and commercial real estate for sale at 709 Central Ave, Union City, NJ.
- Approximately 2,900 sq. ft. turnkey operation.
- Includes all car wash equipment and machinery, plus fixtures and washer/dryer.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,262
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,225,240
$1.2M
Cap Rate 7%
$875,171
$875.2K
Cap Rate 9%
$680,689
$680.7K
Market Conditions
NOI Build-Up for 2,900 SF
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.
Gross rent
$94.3K $32.52/SF
− Vacancy
−$6.8K −$2.34/SF
EGI
$87.5K $30.18/SF
− OpEx
−$26.3K −$9.05/SF
NOI
$61.3K $21.12/SF
Area
Hudson County, NJ
Vacancy
7.20%
Lease Rate
$32.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,225,240
Cap Rate 7%
$875,171
Cap Rate 9%
$680,689
Alternative Uses
Best Use
Industrial
$875.2K
$765.8K – $1.02M
NOI $61,262 @ 7.0% cap · market cap 3.06%
Second Best
Specialty Retail
$633.6K
$554.4K – $739.2K
NOI $44,349 @ 7.0% cap · market cap 2.22%
Theoretical Best
Warehouse
$1.05M
$918.9K – $1.23M
NOI $73,508 @ 7.0% cap · market cap 3.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,928
Businesses Nearby
127k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Dining 30%
Shops & Services 22%
Food Bazaar Supermarket
Groceries
50,785 visits/mo
0.5 miles
McDonald's
Dining
19,026 visits/mo
0.2 miles
KFC
Dining
12,034 visits/mo
0.1 miles
Fine Fare
Groceries
10,861 visits/mo
0.2 miles
AutoZone
Shops & Services
10,775 visits/mo
0.2 miles
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Turnkey car wash real estate sale with existing wash equipment, fixtures, and laundry systems included.
Where is this car wash located?
The property is located at 709 CENTRAL AVE Union City, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Car wash business and commercial real estate for sale at 709 Central Ave, Union City, NJ.; Approximately 2,900 sq. ft. turnkey operation.; Includes all car wash equipment and machinery, plus fixtures and washer/dryer.
