Troy Car Wash For
For Sale
$1,500,000
690-696 River Street, Troy, NY 12180
Car wash with new equipment and growth potential.
Property Size1,636 SF
Lot Size0.40 Acres
Price / SF$916.87
Days on Market211
Property Features for 690-696 River Street
General Information
Standard status
Active
Size
1,636 SF
Lot size
0.40 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,897
Amenities
Natural Gas Heating
Radiant Heating
Building Details
Year Built
1954
Listing Agency:
HOWARD HANNA CAPITAL INC
(518) 371-4500
Listed By:
JOSEPH P CARDINALE · License #10401290174
Source:
Corcoran
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 26 at 8:07AM
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 HOWARD HANNA CAPITAL INC
Investment Insights
Based on property information with market context.
This commercial property is a car wash facility featuring replaced equipment from 2020. The property has radiant heating on the tunnel entrance and exit pads, as well as self-serve floors with 10-foot runouts. It includes a complete Balanger and Sonny's Tunnel System with Innovation Control System from 2020, along with a Sonny's Banana Peel 120-foot Conveyor System with Hydraulic Pump Drive, also from 2020. Additionally, there is a Carolina Pride Express 4 Bay Self Serves system complete from 2020. The property is positioned to benefit from the revitalization of Troy, offering significant growth potential. The property size is 1636 square feet. The abutting street has an AADT of 11372, and another street has an AADT of 5289.
Key Highlights
- High CAP Rate: Approximate 8.1% CAP rate, with potential to exceed 10%.
- New Car Wash Equipment: All car wash equipment replaced in 2020 with top‑of‑the‑line systems.
- Complete Tunnel System: Features a complete Balanger Sonny's Tunnel System with Innovation Control System (2020).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
868
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Caliber Collision
Shops & Services
868 visits/mo
0.5 miles
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash with new equipment and growth potential.
Where is this car wash located?
The property is located at 690-696 River Street Troy, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High CAP Rate: Approximate 8.1% CAP rate, with potential to exceed 10%.; New Car Wash Equipment: All car wash equipment replaced in 2020 with top‑of‑the‑line systems.; Complete Tunnel System: Features a complete Balanger Sonny's Tunnel System with Innovation Control System (2020).
