Property Details for 3090 Military Trl

Year built

2006

Lot size

2.07 lot acres

Property size

18,790 SF

Property type

Specialty properties

Property subtype

Car washes

Description

This exceptional investment opportunity presents a thriving, turn-key express car wash and retail center in Lake Worth Beach, Florida. The property, situated on a 2.07-acre lot, boasts 18,763 square feet of rentable space across two buildings, constructed in 2006 and extensively renovated in 2024. The car wash features 21 new vacuum stations and updated equipment, ensuring high operational efficiency and customer satisfaction. A robust membership program contributes to strong financial performance, with net operating income up 51% in the last six months. The accompanying retail building is 100% occupied, providing consistent income streams from multiple tenants. Located on South Military Trail, a high-traffic area with over 43,000 vehicles daily, the property benefits from excellent visibility and a large customer base within a 5-mile radius (approx. 345,000 residents with an average household income near $80,000). The asking price is $4,900,000. This owner-user opportunity offers immediate cash flow and significant long-term growth potential in a dynamic market. The property's strategic location in Palm Beach County, known for its robust economy and attractive real estate market, further enhances its investment appeal. The combination of a high-performing car wash and a fully occupied retail center provides a diversified income stream, mitigating risk and ensuring consistent profitability. The fee simple ownership structure allows for significant tax savings via accelerated bonus depreciation.

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Longitude

-80.0926

Latitude

26.6212