100 Putnam Plz Greencastle, IN 46135
Exceptional investment opportunity encompassing two thriving, established car washes in high-traffic locations. The Greencastle location, situated at 100 Putnam Plaza, boasts six washing bays, including one automated touchless bay, within a bustling shopping center. This location also includes vacuums, vending machines dispensing cleaning supplies, a change machine, a small office, and a supply room. The Cloverdale location, at 503 N. Main St., offers five washing bays, one of which is an automated touchless bay, enjoying excellent visibility on a busy thoroughfare. Similar amenities are present, including vacuums, cleaning supply vending machines, a change machine, a small office, and a supply room. Both car washes are meticulously maintained and come complete with inventory sufficient to sustain operations for several months, ensuring a seamless transition for the new owner. The Greencastle property sits on a 0.67-acre lot and encompasses 100 square feet of building space. This turnkey operation presents a rare chance to acquire a profitable, established business with immediate revenue potential. The asking price for this exceptional dual-location car wash business is $1,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Greencastle, INCosts & 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.