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    FOR SALE
    Car washes

    29007 Lake Shore Blvd, Willowick, OH 44095

    1,980 SF 0.29 ac lot Built 1980
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US66-1378095
    Property summary
    AI-generated overview

    This exceptional car wash opportunity in Willowick, Ohio presents a lucrative investment prospect. Located at 29007 Lakeshore Blvd, this single-story, 1,980 square foot facility boasts a prime location and strong operational history. Built in 1995, the property features one automatic bay and four self-service bays, ensuring diverse revenue streams. The car wash is equipped with eight vacuums, a credit card reader, and recently upgraded equipment, reflecting a commitment to modern functionality and customer convenience. Significant improvements exceeding $45,000 have been made, including repainting and the installation of heated floors, enhancing both aesthetics and operational efficiency. The business also benefits from a touchless wash membership program accessible via a user-friendly app, fostering customer loyalty and recurring revenue. The asking price is $285,000, translating to $143.94 per square foot and representing a compelling value proposition given the property's features, upgrades, and established clientele. All supplies and tools are included in the sale, facilitating a seamless transition for the new owner. This turnkey operation is ready for immediate income generation, making it an ideal investment for savvy entrepreneurs seeking a profitable and established business. The property is situated in Lake County, Ohio, zip code 44095.

    Property profile
    Verified
    Property type Car washes
    Use group CAR WASH
    Year built 1980
    Total area 1,980 SF
    Lot 0.29 ac (12,502 SF)
    Zoning code U-1
    APN 28-A-042-F-00-011-0
    UPID US66-1378095
    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
    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
    Mj Carwash INC · 3 yrs held
    Mj Carwash INC
    since 2023
    Last sale
    $250,000
    6 recorded transactions
    2023
    $182,500
    2016
    2004
    $250,000
    1999
    $210,000
    1999
    1969
    Zoning & alternative use
    U-1 · Willowick, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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