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Property profile & analytics
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
Price N/A
2004
$250,000
1999
$210,000
1999
Price N/A
1969
Price N/A
Zoning & alternative use
U-1 · Willowick, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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