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Property profile & analytics

205 Wells Avenue Ext Wellsville, OH 43968

  • Commercial real estate
  • 2,448 SF
  • 0.59 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details for 205 Wells Avenue Ext

Year built
1999
Lot size
0.59 lot acres
Property size
2,448 SF
Property type
Commercial real estate

Description

This exceptional investment opportunity presents a thriving four-bay car wash and one-bay automatic car wash situated on approximately 0.59 acres of land in Wellsville, Ohio. Conveniently located just off Route 7, this business benefits from consistent local and highway traffic, with no direct competition within the immediate area. The property boasts a proven track record of success, making it an ideal acquisition for an entrepreneur seeking a stable and profitable venture. Significant improvements have been made over the years, including the installation of new LED lighting, a new arm in the automatic bay, a new tank and security camera upgrade, a new air compressor, and a new furnace pump. Detailed records of these upgrades and the property's financial performance are available upon request. Furthermore, an additional land parcel, acquired in 2016, offers approximately 0.43 acres adjacent to the car wash, providing a potential total of nearly one acre for expansion. This extra space presents exciting possibilities for future development, such as adding a laundromat or other complementary businesses. The high-profile location and substantial land area also offer significant redevelopment potential for those with a vision for a different use. Whether continuing as a successful car wash or undergoing a transformation, this property presents unmatched potential in a desirable location. The rear Wells Avenue splits the property parcels.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Wellsville
County
Columbiana
State
Ohio
Longitude
-80.6405
Latitude
40.6147
More about this property
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