16436 Miles Rd Warrensville Heights, OH 44128
- Specialty properties
- 3.60 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 16436 Miles Rd
- Lot size
- 3.60 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional portfolio comprises five strategically located car washes in the Cleveland, Ohio area, specifically Warrensville Heights, Garfield Heights, and multiple locations in Cleveland. The portfolio includes a mix of touch-free automatic and self-serve facilities, offering diverse revenue streams. Situated on a combined 3.6 acres, these properties boast a strong track record, generating a pro-forma NOI of $510,000 and an attractive 9% capitalization rate. The asking price for this turnkey investment opportunity is $2,950,000. Individual car wash sales are also possible. Built between 1996 and 2011, these well-maintained properties present a compelling opportunity for investors seeking a stable, high-yield asset in a growing market. The portfolio includes addresses at 16436 Miles Rd, 13111 Broadway Ave, 8219 Broadway Ave, 9104 Union Ave, and 15313 Kinsman Rd, all within Cuyahoga County, Ohio, and encompassing a range of zip codes including 44105, 44120, 44125, and 44128. This portfolio represents a rare chance to acquire a diversified, established car wash business with significant upside potential.
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
- Warrensville Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5551
- Latitude
- 41.4375
