1901 Broadway Santa Maria, CA 93454-7807
- Gas stations
- 0.31 lot acres
Current Use by Public Records
- # 1 Car Wash & Gas / Car Wash / Gas Station
Property Details for 1901 Broadway
- Lot size
- 0.31 lot acres
- Property type
- Gas stations
- APN
- 117-500-009
- APU
- 117500009
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,640,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,710,000
- 6.5%
- $1,830,000
- 7%
- $1,895,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,770,000
- Geo Method
- $1,805,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,890,000
- Retail
- $1,880,000
- Mixed-Use
- $1,495,000
- Hospitality
- $2,085,000
- Educational
- $1,945,000
- Residential Income
- $2,080,000
- Energy
- $1,715,000
- Income-Based Land
- $1,520,000
- Food Service
- $1,960,000
Location Insight
- Map
- Local Demand
- City
- Santa Maria
- County
- Santa Barbara
- State
- California
- Longitude
- -120.437
- Latitude
- 34.9266
- CBSA code
- 42200
- CBSA name
- SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
