Property profile

1044 Market St Charlestown, IN 47111

OFF-MARKET
Car washes
Property ID
US31-1972033
1,823 SF 0.54 ac lot Built 1997
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional car wash opportunity in Charlestown, Indiana presents a lucrative investment. The 2,210-square-foot facility, built in 1997 and renovated in 2005, boasts a prime location at a three-way intersection of Market Street and County Road 403, surrounded by high-traffic businesses including McDonald's, Walgreens, Circle K, and Domino's Pizza, and near Charlestown High School. The property features a double in-bay automatic car wash system, including one soft-touch and one touch-free wash (both replaced in 2017), each equipped with credit card payment processing. Three additional coin-operated self-service bays are also available, featuring automatic floor heat for winter operation. The building includes a heated equipment room, a water softener, a concrete foundation, split-faced concrete walls with brick veneer, glass storefront windows and doors, and ample spare dryers. The property includes 146 feet of frontage on Market Street and benefits from security and surveillance systems, light-up signage, a wash menu board, and a change machine. Equipment highlights include 18 Harrell's and Sonny's Wash Systems blowers/dryers, two tube gas-powered heaters, two AirSoft doors, three onboard dryers on the automatic bays, and a three-year-old dual-tank Culligan water softener. The property is zoned C1 and sits on a half-acre lot. This turnkey operation offers significant potential for continued growth and profitability. Asking price: $889,000.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1997
Construction CONCRETE
Total area 1,823 SF
Lot 0.54 ac (23,522 SF)
APN 10-18-11-700-001.000-004
UPID US31-1972033

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1044 Market St Charlestown, IN 47111-1933
Charlestown metro Census 50902 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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