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    OFF-MARKET
    Car washes

    1046 Morganton SW Blvd, Lenoir, NC 28645

    2,160 SF Built 1964
    Entity Owned 10-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2924075
    Property summary
    AI-generated overview

    This exceptional business opportunity presents a thriving car wash located at 1046 Morganton Blvd SW, Lenoir, NC 28645. Priced at $1,200,000, this value-add investment includes a 1-acre lot and a substantial building. The car wash boasts a 70-foot tunnel equipped with six free and four pay vacuum stations, ensuring diverse revenue streams. An additional building on the property features two detail bays and an office, providing further operational flexibility and income potential. The existing business model incorporates a subscription service, adding a recurring revenue component. This established car wash offers significant upside potential for a savvy investor looking to capitalize on a proven business model in a desirable location within Caldwell County. The property's size and existing infrastructure provide ample room for expansion and improvement, allowing for further revenue generation and increased profitability. This turnkey operation is ready for a new owner to step in and continue its success. The property's location in Lenoir, North Carolina, offers excellent visibility and accessibility, ensuring a steady flow of customers.

    Property profile
    Verified
    Property type Car washes
    Use group CAR WASH
    Year built 1964
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,160 SF
    APN 06 37 7 10 LH
    UPID US53-2924075
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bonnie Mist Car Wash Inc. Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Dc Properties Of Lenoir LLC · 10 yrs held
    Dc Properties Of Lenoir LLC
    since 2015
    1 recorded transaction
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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