400 Poplar Ave Waynesboro, VA 22980
- Commercial real estate
- 3,650 SF
- 0.89 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 400 Poplar Ave
- Year built
- 1988
- Construction
- LIGHT FRAME
- Lot size
- 0.89 lot acres
- Property size
- 3,650 SF
- Zone code
- H-B
- Property type
- Commercial real estate
- APN
- 35 6 - 21
- APU
- 35621
Description
This vacant, 3,650 square foot car wash in Waynesboro, VA, is available for $429,000. Built in 1988 and renovated in 2023, this single-story building sits on a 0.89-acre lot (APN 35-6-21) and is zoned H-B. The property includes three self-service wash bays, an office with a waiting area, a fully automated wash bay, self-service interior vacuum stations, and a large paved lot. Its prime location on N Poplar Ave offers excellent visibility and accessibility in a high-traffic area near a Walmart, bank, and popular restaurant. The self-pay stations allow for 24-hour self-service operation, or with attendants, higher-dollar custom services and detailing could be offered. This is a unique opportunity to acquire both the business and the real estate, ensuring long-term stability and control. The property's existing reputation and customer base provide immediate income potential, while the potential for expansion and diversification offers substantial growth opportunities. This is a turnkey operation ready for a new owner to capitalize on its potential. The property is currently vacant, presenting a chance to immediately implement your business plan.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $70,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $50,000
- 6.5%
- $50,000
- 7%
- $50,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $55,000
- Geo Method
- $50,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $50,000
- Retail
- $50,000
- Mixed-Use
- $45,000
- Hospitality
- $40,000
- Educational
- $45,000
- Residential Income
- $50,000
- Energy
- $40,000
- Income-Based Land
- $50,000
- Food Service
- $50,000
Location Insight
- Map
- Local Demand
- City
- Waynesboro
- County
- Waynesboro City
- State
- Virginia
- Longitude
- -78.8949
- Latitude
- 38.0738
- CBSA code
- 44420
- CBSA name
- STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA