1900 7th W St Saint Paul, MN 55116-3203
- Car washes
- 1,863 SF
- 0.33 lot acres
Current Use by Public Records
- Christ the King Lutheran Church / Lutheran Church / Church
- Community Partners With Youth - Food Distribution Center / Food Bank
- Christ the King / Lutheran Church
Property Details for 1900 7th W St
- Year built
- 1984
- Lot size
- 0.33 lot acres
- Property size
- 1,863 SF
- Property type
- Car washes
- APN
- 15-28-23-41-0194
- APU
- 152823410194
Description
This profitable, three-bay automatic car wash in Saint Paul, Minnesota, presents a unique investment opportunity. Located on a busy highway, this established business boasts over 40 years of operational history, generating average annual gross sales near $300,000. The 2,000 square foot building sits on a 0.32-acre lot and includes six additional stand-alone detailing and vacuum bays. The attractive block building is situated near other retail and restaurants, offering convenient access for customers. The car wash accepts both cash and credit card payments. The asking price of $750,000 reflects a strong 13.33% capitalization rate and a price per square foot of $375. The sale includes all equipment and recent updates. The owner is retiring, presenting a timely opportunity for acquisition. The total building size is approximately 5,000 square feet. A strong NOI of $100,000 further underscores the financial strength of this established business. This turnkey operation is ready for a new owner to continue its success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.1511
- Latitude
- 44.9108
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
