Property profile

1046 Morganton SW Blvd Lenoir, NC 28645

OFF-MARKET
Car washes
Property ID
US53-2924075
2,160 SF Built 1964
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Car Wash

Location

1046 Morganton SW Blvd Lenoir, NC 28645
Lenoir metro Census 30100 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2015
1 recorded transaction
2015
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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