Hamilton County Cincinnati, OH 45201
- Specialty properties
- 2,626 SF
- 0.35 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 0 Hamilton County
- Lot size
- 0.35 lot acres
- Property size
- 2,626 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a portfolio of three established, well-maintained car washes in prime Cincinnati, Ohio locations. Each 6-bay facility (5 self-serve, 1 automated) boasts high-value corner lots with pylon signage, ensuring excellent visibility and accessibility. The portfolio totals approximately 8,112 square feet across three parcels ranging from 0.35 to 0.46 acres. Built in 1986 and 1995, these car washes generate a combined NOI of $207,474.93, representing a strong 10.64% cap rate. Current gross sales are approximately $400,000, with significant upside potential due to pricing below market rates. The sale includes all fixtures, equipment, and inventory. This is an ideal opportunity for 1031 exchange or cash buyers seeking a high-yield, passive investment with immediate returns and substantial growth potential. The properties are easily accessible from dense neighborhoods and major thoroughfares, ensuring consistent customer traffic. The significant value in the real estate itself further enhances this compelling investment proposition.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.5363
- Latitude
- 39.1066