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Property profile & analytics
OFF-MARKET
Self service car washes

1364 26th St Erie, PA 16508-1402

1,952 SF 0.21 ac lot Built 1965
Entity Owned 4-yr Hold Free & Clear
Property ID
US73-0395426
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving car wash business located at 1364 W 26TH Street, Erie, PA. The 1,952 square foot property sits on a 0.21-acre lot and is priced at $220,000. Currently operating as a Splash and Dash car wash, this location boasts high traffic and maximum visibility, ensuring a strong return on investment. Recent upgrades include a new rubber roof, updated lighting, a new HVAC system, and a state-of-the-art multi-camera security system. Further improvements encompass extensive masonry repairs and a newly paved blacktop. The business benefits from updated credit card and bill acceptance systems, maximizing efficiency and revenue. Multiple income streams are generated through the car wash operation itself, numerous vacuum stations and product dispensers, and a long-term lease agreement with Lamar for billboard advertising on the property. A substantial 20x40 garage bay provides ample space for storage or the potential development of a detailing shop, adding further revenue potential. This turnkey operation offers a rare chance to acquire a well-established, profitable business in a prime Erie location. The combination of high visibility, recent renovations, and multiple income streams makes this an attractive investment opportunity.

Property profile
Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 1965
Construction FRAME
Total area 1,952 SF
Lot 0.21 ac (9,004 SF)
Zoning code C2
APN 19-062-004.0-119.00
UPID US73-0395426
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
  • Splash and Dash Autowash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Two Egg Fl Properties LLC · 4 yrs held
Two Egg Fl Properties LLC
since 2022
Last sale
$175,000
4 recorded transactions
2022
$130,500
2015
$102,000
2009
$100,000
1969
Price N/A
Zoning & alternative use
C2 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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