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Established Car Wash on Prime Land

4686 Indianola Avenue, Columbus, OH 43214

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For Sale

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Long-standing car wash business with redevelopment potential on nearly one acre.

Type:Mixed Use, Retail, Office, Special Purpose

Property size:

5,580 SF

Lot size:

1.00 Acre

Price / SF:

$250/SF

HighLights

Prime location with high visibility and easy access to I‑71.
Two parcels totaling nearly one acre offering redevelopment potential.
Established car wash business operating since the late 1950s.
Updated equipment and existing maintenance personnel.
Proximity to proposed Rail System connecting Columbus to Cleveland and Cincinnati.
Vending machines included for car accessories and cleaning supplies.

We can help!

Contact an agent

Steve Beaver

For Sale

Contact for pricing

Long-standing car wash business with redevelopment potential on nearly one acre.

Type:Mixed Use, Retail, Office, Special Purpose

Property size:

5,580 SF

Lot size:

1.00 Acre

Price / SF:

$250/SF

Added:: Dec 3, 2023
Days on Market:: 947
Last Refresh:: May 12 at 9:34 pm

Property Features for 4686 Indianola Avenue

General Information

Standard status: Active
Size: 5,580 SF
Lot size: 1.00 Acre
Property subtype: Mixed Use, Retail, Office, Special Purpose

Building Details

Year Built: 1964

We can help!

Contact an agent

Steve Beaver

Listing office RE/MAX Revealty

Listing date Dec 3, 2023

Source Crexi

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 RE/MAX Revealty

HighLights

Prime location with high visibility and easy access to I‑71.
Two parcels totaling nearly one acre offering redevelopment potential.
Established car wash business operating since the late 1950s.
Updated equipment and existing maintenance personnel.
Proximity to proposed Rail System connecting Columbus to Cleveland and Cincinnati.
Vending machines included for car accessories and cleaning supplies.

Overview

This established car wash business, operating since the late 1950s, presents a prime location with redevelopment potential. The property includes updated equipment and vending machines for car accessories and cleaning supplies. Maintenance personnel are available if needed. The site comprises two parcels totaling nearly one acre. The property offers high visibility and is located minutes from I-71, less than 20 minutes from Easton Town Center, and less than 30 minutes from Downtown Columbus. It is situated next to a COTA park and ride. The property is suitable to continue its use as a car wash, convert the existing structure, or construct a new building. The subject property will be very close to the proposed Rail System that will connect Columbus to Cleveland and Cincinnati Ohio!

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$107.1k	$19.20
− Vacancy	−$7.5k	−$1.34
EGI	$99.6k	$17.86
− OpEx	−$24.9k	−$4.46
NOI	$74.7k	$13.39

5,580 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.07M

$934.1K – $1.25M (±1% cap)

NOI $74,727 @ 7.0% cap · market cap 5.34%

Second Best

Retail

$919.0K

$804.2K – $1.07M (±1% cap)

NOI $64,332 @ 7.0% cap · market cap 4.60%

Theoretical Best

Office A

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,403 @ 7.0% cap · market cap 5.81%

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

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Columbus
County: Delaware
State: Ohio
Longitude: -83.000228
Latitude: 40.061194

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For sale
Car washes
OH
Columbus
43214
4686 Indianola Avenue

What type of property is this?

Car wash - Long-standing car wash business with redevelopment potential on nearly one acre.

Where is this car wash located?

The property is located at 4686 Indianola Avenue 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: Prime location with high visibility and easy access to I‑71.; Two parcels totaling nearly one acre offering redevelopment potential.; Established car wash business operating since the late 1950s.