308 2nd SE Ave Gravette, AR 72736-9465
- Self service car washes
- 2,511 SF
- 0.37 lot acres
Mar 17, 2020
Current Use by Public Records
- Self service car washes
Property Details for 308 2nd SE Ave
- Lot size
- 0.37 lot acres
- Property size
- 2,511 SF
- Property type
- Self service car washes
- APN
- 11-00326-000
- APU
- 1100326000
Description
This exceptional commercial property, located at 308 SW 2nd Avenue in Gravette, Arkansas, presents a lucrative investment opportunity. The 2,511 square foot car wash boasts four updated manual washing bays, catering to a wide range of vehicles. A significant advantage is the inclusion of one updated bay specifically designed for large equipment and big rigs, expanding the potential customer base and revenue streams. Further enhancing its appeal is a brand-new automatic washing bay, providing modern convenience and efficiency. The property sits on a 0.37-acre lot and enjoys excellent visibility with 150 feet of frontage on 2nd Street, placing it directly within Gravette's bustling business district and conveniently situated at a major four-way intersection. This high-traffic location ensures consistent customer flow. The property's infrastructure is already plumbed for the addition of a laundromat, offering significant potential for expansion and diversification of income streams. The asking price for this turnkey operation is $550,000. This presents a rare opportunity to acquire a well-established, profitable business with significant growth potential in a thriving Arkansas community. The existing infrastructure and prime location make this a truly exceptional investment.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $215,000
- ML approach
- $250,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $336,000
- AI Estimate
- $146,000
Market price range: $232k - $726kMarket price range: $112k - $330k
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Location Insight
- Map
- Local Demand
- City
- Gravette
- County
- Benton
- State
- Arkansas
- Longitude
- -94.454
- Latitude
- 36.4197
- CBSA code
- 22220
- CBSA name
- FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA