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    3090 Military Trl Palm Springs, FL 33461

    Sponsored
    For Sale
    $4,900,000

    High-performing car wash & retail center.

    Property size:
    18,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving, turn-key express car wash and retail center in Lake Worth Beach, Florida. The property, situated on a 2.07-acre lot, boasts 18,763 square feet of rentable space across two buildings, constructed in 2006 and extensively renovated in 2024. The car wash features 21 new vacuum stations and updated equipment, ensuring high operational efficiency and customer satisfaction. A robust membership program contributes to strong financial performance, with net operating income up 51% in the last six months. The accompanying retail building is 100% occupied, providing consistent income streams from multiple tenants. Located on South Military Trail, a high-traffic area with over 43,000 vehicles daily, the property benefits from excellent visibility and a large customer base within a 5-mile radius (approx. 345,000 residents with an average household income near $80,000). The asking price is $4,900,000. This owner-user opportunity offers immediate cash flow and significant long-term growth potential in a dynamic market. The property's strategic location in Palm Beach County, known for its robust economy and attractive real estate market, further enhances its investment appeal. The combination of a high-performing car wash and a fully occupied retail center provides a diversified income stream, mitigating risk and ensuring consistent profitability. The fee simple ownership structure allows for significant tax savings via accelerated bonus depreciation.

    Property Features for 3090 Military Trl

    General Information

    Property type
    Automotive properties
    Square Feet
    18,790 SF
    Lot Size
    90,169 SF

    Building Details

    Year Built/Renovated
    2006/2024
    Buildings
    2

    HighLights

    • Prime location on S Military Trail in Lake Worth Beach, FL, with over 43,000 vehicles daily.
    • Recently updated car wash and retail buildings with new vacuums and equipment.
    • Turnkey operation including business and real estate.
    • Multiple income streams from a high‑performing express car wash and a fully occupied retail building.
    • High customer appeal with 21 new vacuum stations and a membership program.
    • Strong demographics in a rapidly growing Palm Beach County market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Diamond Auto Salon Car Wash Wish Wash 2 ... Car Wash

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0926014
    Latitude
    26.6211772

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    FAQs

    What type of property is this?
    Automotive property - High-performing car wash & retail center.
    Where is this automotive property located?
    The property is located at 3090 Military Trl Palm Springs, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Prime location on S Military Trail in Lake Worth Beach, FL, with over 43,000 vehicles daily.; Recently updated car wash and retail buildings with new vacuums and equipment.; Turnkey operation including business and real estate.
    Request Owner's contact information
    3090 Military Trl Palm Springs, FL 33461
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    Palm Springs, FL 33461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3090 Military Trl Palm Springs, FL 33461
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