Property profile

260 Columbia St Leetonia, OH 44431

OFF-MARKET
Car washes
Property ID
US66-4399350
1,568 SF 0.43 ac lot Built 1988
Individually Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses three established car washes located at 260 Columbia Street, Leetonia, OH. The property at 260 Columbia Street, totaling 1,568 square feet on a 0.43-acre lot, features two self-serve bays, one automatic wash bay, a change machine, vending machines, a vacuum station, and a comprehensive security system. All equipment is included in the sale, presenting a turnkey operation ready for immediate revenue generation. This location is part of a three-car wash package deal, offering significant economies of scale and potential for increased profitability. The seller strongly prefers to sell all three car washes as a single package. This presents a unique chance to acquire a well-established, multi-location car wash business with existing infrastructure and clientele. The property's strategic location in Leetonia, OH, provides convenient access for local residents and commuters. The inclusion of all equipment eliminates the need for significant upfront capital investment, allowing for a faster return on investment. This is an ideal opportunity for an experienced entrepreneur seeking to expand their portfolio or a first-time business owner looking for a proven, profitable venture. Further details regarding the other two car washes are available via MLS numbers 5075148 and 5075155. The asking price for this property is $165,000. Don't miss this chance to own a thriving car wash business.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1988
Total area 1,568 SF
Lot 0.43 ac (18,922 SF)
APN 58-00976-001
UPID US66-4399350

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

260 Columbia St Leetonia, OH 44431-1214
Leetonia metro Census 950300 SALEM, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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