1901 Broadway Santa Maria, CA 93454-7807
This exceptional Santa Maria, CA, business opportunity presents a lucrative investment in a thriving car wash and gas station. Located at 1901 S Broadway, this single-story, 13,503 square foot building, built in 1971 and renovated in 2017, sits on a high-traffic commercial thoroughfare boasting over 35,000 cars daily. The property includes eight gas pumps (excluding diesel) with two tanks (12,000 gallons for regular and 6,000 gallons for super), both less than five years old. The 70-foot car wash tunnel and equipment are also approximately five years old, ensuring efficient and reliable service. The business boasts a three-year average yearly gross profit of $800,000 under absentee ownership, demonstrating strong financial performance and high historical spreads on gas sales. The property's Assessed Parcel Number (APN) is 117-500-009. This turnkey operation is situated in Santa Maria, the most populous city in Santa Barbara County, with a population exceeding 100,000 residents, guaranteeing a consistent customer base. The asking price is $2,795,000. This is a rare opportunity to acquire a well-established and profitable business with significant growth potential. The property is currently operating at 100% occupancy.
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# 1 Car Wash & Gas Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.