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    4686 Indianola Ave Columbus, OH 43214

    Sponsored
    For Sale
    $1,400,000

    Established Car Wash, Prime Location, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This profitable Columbus car wash, located at 4686 Indianola Avenue, presents a unique investment opportunity. Built in 1964 and situated on two parcels totaling nearly an acre (11,761.2 sq ft), this property boasts a prime location with high visibility, just minutes from I-71 and less than 20 minutes from Easton Town Center and under 30 minutes from Downtown Columbus. The car wash has been in operation since the late 1950s and includes updated equipment and on-site maintenance personnel. Adding to its revenue streams are vending machines selling car accessories and cleaning supplies. The asking price is $1,400,000, translating to $250.90 per square foot. The property's versatility allows for continued operation as a car wash, structural conversion, or new construction. Its proximity to a COTA park and ride and a proposed rail system connecting Columbus to Cleveland and Cincinnati further enhances its long-term value. The seller is open to owner financing, making this an attractive proposition for serious investors. This is a true cash cow with significant upside potential. Located in Franklin County, Ohio, zip code 43214.

    Property Features for 4686 Indianola Ave

    General Information

    Property type
    Automotive properties

    Building Details

    Year Built
    1964

    HighLights

    • Profitable Columbus car wash, asking $1,400,000 ($250.90/SF).
    • Located on nearly an acre (11,761.2 sq ft) at 4686 Indianola Avenue, Columbus, OH 43214.
    • High‑visibility location, minutes from I‑71, near Easton Town Center.
    • Established business (operating since late 1950s) with updated equipment and on‑site maintenance.
    • Multiple revenue streams including vending machines.
    • Versatile property suitable for continued car wash operation, conversion, or new construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.000296
    Latitude
    40.0603608

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    FAQs

    What type of property is this?
    Automotive property - Established Car Wash, Prime Location, Owner Financing Available
    Where is this automotive property located?
    The property is located at 4686 Indianola Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Profitable Columbus car wash, asking $1,400,000 ($250.90/SF).; Located on nearly an acre (11,761.2 sq ft) at 4686 Indianola Avenue, Columbus, OH 43214.; High-visibility location, minutes from I-71, near Easton Town Center.
    Request Owner's contact information
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    Columbus, OH 43214
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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
    4686 Indianola Ave Columbus, OH 43214
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