Property profile

11235 Old Ml Rd Mount Washington, KY 40047

OFF-MARKET
Specialty properties
2,805 SF 1.16 ac lot
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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

Location

11235 Old Ml Rd Mount Washington, KY 40047
Mount Washington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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