11235 Old Ml Rd, Mount Washington, KY 40047
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.