351 Wheat Rd Vineland, NJ 08360
- Commercial real estate
- 0.90 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 351 Wheat Rd
- Construction
- BRICK
- Lot size
- 0.90 lot acres
- Property type
- Commercial real estate
- APN
- 04 00207-0000-00026
- APU
- 400207000000026
Description
This exceptional investment opportunity presents a fully operational six-bay car wash situated on a 0.9-acre lot in Vineland, NJ, at 351 Wheat Road. The car wash boasts five self-service bays and one automated touchless bay, equipped with seven vacuum units and convenient vending machines. A dedicated storage and mechanical room ensures efficient operation, complemented by a half bath for staff and customer use. The property features newly installed asphalt paving and is secured with perimeter fencing, enhancing both aesthetics and security. An integrated alarm system further safeguards the premises. Beyond the immediate car wash operation, this property offers significant future development potential. The additional 8.64 acres of land are zoned I-1, allowing for a variety of industrial or commercial uses, presenting a unique opportunity for expansion or diversification. The 2,100 square foot main building houses the car wash operation and related amenities. This turnkey business, with its established revenue stream and expansive land, represents a compelling investment opportunity in a growing market. The property's strategic location and versatile zoning make it an ideal choice for both established businesses and forward-thinking investors seeking substantial returns. The combination of a profitable existing business and significant undeveloped land provides a rare opportunity for immediate income and long-term growth. The asking price is $650,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $260,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $265,000
- Mixed-Use
- $250,000
- Hospitality
- $260,000
- Educational
- $255,000
- Residential Income
- $240,000
- Energy
- $220,000
- Income-Based Land
- $255,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Vineland
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.9657
- Latitude
- 39.5105
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA