3470 Florida Ave Hemet, CA 92544-4900
- Retail space
- 2,750 SF
- 0.69 lot acres
Current Use by Public Records
- Retail space
Property Details for 3470 Florida Ave
- Year built
- 1991
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.69 lot acres
- Property size
- 2,750 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 438-150-045
- APU
- 438150045
Description
This thriving coin-operated car wash in Hemet, California presents a unique investment opportunity. Located on a spacious 30,056 square foot lot at 3470 E Florida Ave, 92544, this well-maintained facility boasts eight self-service bays, including one specifically designed for RVs and motorhomes. Built in 1991 and extensively renovated in 2023, the car wash features energy-efficient LED lighting throughout. All bays are equipped with credit card readers, accepting various payment methods including credit cards, debit cards, bills, quarters, and tokens. A state-of-the-art 32-camera surveillance system ensures security. The dual changer accepts major credit cards and dispenses tokens and bills. Seven Carolina Pride in-bay blow dryers and ten vacuums, enhanced by colorful canopies, provide customers with a complete car cleaning experience. The car wash offers multiple in-bay services and has ample space for potential expansion, such as adding auto detailing services. A Bay Watch system provides live monitoring of the car wash operations. The equipment is consistently upgraded, ensuring optimal performance and efficiency. The asking price for this turnkey operation is $690,000. A spot-free water system ensures a superior clean. This is a prime opportunity for an investor seeking a profitable and established business in a high-traffic area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $365,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $405,000
- Mixed-Use
- $405,000
- Hospitality
- $380,000
- Educational
- $400,000
- Residential Income
- $395,000
- Energy
- $365,000
- Income-Based Land
- $320,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.935
- Latitude
- 33.7482
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
