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    304 Muskingum Dr Marietta, OH 45750

    Sponsored
    For Sale
    $4,101,463

    Profitable Ohio Car Wash Duo, High ROI

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity features two thriving, well-maintained touchless car washes in Marietta, Ohio. Strategically located at 304 Muskingum Dr and 1101 Gilman Ave, these properties benefit from high traffic and a loyal customer base. The portfolio boasts a combined square footage between 5,000 and 10,000 square feet, featuring four bays at each location. The Gilman Avenue location offers an added advantage with 58 mini storage units, generating additional revenue streams. Significant recent investment includes two brand-new, state-of-the-art touchless automatic car wash machines, totaling $500,000. The Gilman Avenue location also employs a full-time attendant. This portfolio offers a compelling 8% cap rate and a strong net operating income (NOI) of $328,117, making it an attractive proposition for discerning investors seeking a stable and profitable venture in a growing community. The asking price for this turnkey operation is $4,101,463. This is a rare opportunity to acquire a well-established and profitable business in a desirable location.

    Property Features for 304 Muskingum Dr

    General Information

    Property type
    Automotive properties
    Square Feet
    5,000 SF

    HighLights

    • On‑site attendant at Gilman property.
    • Two new touchless car wash machines (total investment $500,000).
    • Gilman facility features 58 mini storage units.
    • Four‑bay facility on both properties.
    Property Profile Location Intelligence

    Current Use by Public Records

    Touchless Shine Car ... Car Wash

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Washington
    State
    Ohio
    Longitude
    -81.4626365
    Latitude
    39.4374825

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    FAQs

    What type of property is this?
    Automotive property - Profitable Ohio Car Wash Duo, High ROI
    Where is this automotive property located?
    The property is located at 304 Muskingum Dr Marietta, OH.
    What is the asking price?
    The asking price for this property is $4,101,463.
    What are key features of this property?
    This property features: On-site attendant at Gilman property.; Two new touchless car wash machines (total investment $500,000).; Gilman facility features 58 mini storage units.
    Request Owner's contact information
    304 Muskingum Dr Marietta, OH 45750
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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
    304 Muskingum Dr Marietta, OH 45750
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