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    872 River Hwy Mooresville, NC 28117

    Sponsored
    For Sale
    $925,000

    Profitable Car Wash & Real Estate - NC

    Property size:
    1,669 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turn-key car wash business and accompanying real estate presents a rare investment opportunity in Mooresville, North Carolina. Located at 872 River Hwy, this 1,669 square foot facility sits on a 0.51-acre lot (APN: 4637-78-9653.000) and boasts a highly profitable operational history. The asking price is $925,000. Currently operating with zero employees, this largely passive ownership model offers significant potential for growth. The business benefits from over 170 monthly memberships, exhibiting year-over-year growth in both car washes and revenue. Recent extensive upgrades include a new digital advertisement sign, updated pay station, new track system, new air mitters, new LED lighting, and other equipment improvements. The property enjoys a prime location on a main retail thoroughfare, with convenient proximity to Harris Teeter, Sam's Club, and Target. Furthermore, the surrounding area is experiencing significant residential development, including new multi-family and single-family homes, promising continued growth in customer base. The current owner does not engage in active advertising, suggesting further untapped revenue potential. Market analysis projects an 11.51% population increase within one mile and a 9.45% increase within three miles. The property is also subject to bonus depreciation (consult with your CPA for details). This is a truly exceptional opportunity for a hands-off, high-return investment in a thriving community.

    Property Features for 872 River Hwy

    General Information

    Property type
    Automotive properties
    Square Feet
    1,669 SF
    Lot Size
    22,216 SF

    HighLights

    • Turn‑key, highly profitable automatic car wash business and real estate for sale in Mooresville, NC.
    • Zero‑employee, passive ownership model.
    • Over 170 monthly memberships with year‑over‑year growth in car washes and revenue.
    • Recently upgraded with a new digital sign, pay station, track system, air mitters, LED lighting, and other equipment.
    • Prime retail location near Harris Teeter, Sam's Club, and Target, with new residential development nearby.
    • No current advertising, suggesting significant untapped revenue potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Finish Line Auto ... 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
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8909007
    Latitude
    35.5999727

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    FAQs

    What type of property is this?
    Automotive property - Profitable Car Wash & Real Estate - NC
    Where is this automotive property located?
    The property is located at 872 River Hwy Mooresville, NC.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Turn-key, highly profitable automatic car wash business and real estate for sale in Mooresville, NC.; Zero-employee, passive ownership model.; Over 170 monthly memberships with year-over-year growth in car washes and revenue.
    Request Owner's contact information
    872 River Hwy Mooresville, NC 28117
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    Mooresville, NC 28117
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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
    872 River Hwy Mooresville, NC 28117
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