127 Main St Stafford, CT 06076
- Showrooms
- 2,854 SF
- 0.28 lot acres
Current Use by Public Records
- Oasis Auto Wash / Self Service Car Wash / Car Wash
Property Details for 127 Main St
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.28 lot acres
- Property size
- 2,854 SF
- Zone code
- LB
- Property type
- Showrooms
- APN
- STAF M:48 L:062
- APU
- STAFM48L062
Description
This exceptional investment opportunity presents a thriving, Class A car wash located at 127 W Main St, Stafford, CT 06076. The 3,600 square foot, single-story building sits on a 1.05-acre lot and boasts a brick exterior and paved parking area. Built in 1995 and extensively renovated in 2018, the property features modern, well-maintained equipment. Currently operating at 100% occupancy since July 6, 2020, this business offers near-passive income potential. The asking price of $1,500,000 reflects an industry-standard multiple of eight times EBITDA. Detailed financial information is available upon execution of a non-disclosure agreement (NDA). The property is zoned B-2 and benefits from a high traffic count in downtown Stafford Springs. This turnkey operation is ideal for investors seeking a lucrative, low-maintenance investment with significant return potential. The single unit is housed within a single building, offering streamlined management. All aspects of the business are in excellent condition.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $235,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $245,000
- Mixed-Use
- $225,000
- Hospitality
- $280,000
- Educational
- $240,000
- Residential Income
- $250,000
- Energy
- $255,000
- Income-Based Land
- $205,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Stafford Springs
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.3144
- Latitude
- 41.9612
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA