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    Specialty properties

    11235 Old Ml Rd, Mount Washington, KY 40047

    2,805 SF 1.16 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional car wash, located at 11235 Old Mill Rd, Mount Washington, KY 40047, boasts 2,805 square feet on a 1.155-acre lot zoned B-2. Built in 2023 and situated in a high-traffic retail area near major retailers like Kroger, McDonald's, and Walgreens, this property presents a unique investment opportunity. While currently cash flow negative, its prime location and recent construction offer significant potential for revenue growth under experienced management. The sale price is $2,200,000, and financial details are available upon request. Note that an adjacent single-family home (1,100+ sq ft) is available for separate purchase at $500,000, or potentially as a package deal. The car wash's current manager occupies this home at below-market rent. This property is a strong contender for investors seeking to capitalize on a well-located, recently constructed car wash with high upside potential. The property's strategic placement within a thriving retail corridor, coupled with its relatively new construction, positions it for immediate success with the right operational strategy. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property profile
    Verified
    Property type Specialty properties
    Total area 2,805 SF
    Lot 1.16 ac (50,312 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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