519 Market St Lima, OH 45801
- Car washes
- 0.30 lot acres
Current Use by Public Records
- Car washes
Property Details for 519 Market St
- Lot size
- 0.30 lot acres
- Property type
- Car washes
- APN
- 36-3608-08-004.000
- APU
- 36360808004000
Description
This exceptional opportunity presents a well-established car wash business located in the heart of Lima, Ohio. Situated at 519 W Market St, this single-tenancy property boasts a prime downtown location and a substantial history, operating successfully for over 30 years. The 4,500 square foot building, measuring approximately 30 feet by 150 feet, sits on a 0.31-acre lot. Recent improvements include a new metal roof and a gas furnace, ensuring efficient and cost-effective operation. The property includes a small kitchen and waiting area, along with separate men's and women's restrooms, providing ample comfort for customers. The sale includes all business equipment and real estate, offering a turnkey solution for a new owner. The car wash offers full-service capabilities, catering to a wide range of customer needs. This established business, with its long-standing presence in the community and prime location, presents a rare opportunity for a savvy investor seeking a profitable and established enterprise in a thriving downtown area. The property is classified as Retail and Special Purpose, offering a unique blend of commercial and service-based operations. This is a remarkable chance to acquire a successful, long-term business with significant growth potential. The property is located in Allen County, Ohio, with a zip code of 45801.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $295,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $240,000
- Mixed-Use
- $250,000
- Hospitality
- $230,000
- Educational
- $240,000
- Residential Income
- $260,000
- Energy
- $260,000
- Income-Based Land
- $265,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.1112
- Latitude
- 40.7396
- CBSA code
- 30620
- CBSA name
- LIMA, OH METROPOLITAN STATISTICAL AREA