Property profile

308 2nd SE Ave Gravette, AR 72736

OFF-MARKET
Self service car washes
Property ID
US05-0411194
2,511 SF 0.37 ac lot
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 308 SW 2nd Avenue in Gravette, Arkansas, presents a lucrative investment opportunity. The 2,511 square foot car wash boasts four updated manual washing bays, catering to a wide range of vehicles. A significant advantage is the inclusion of one updated bay specifically designed for large equipment and big rigs, expanding the potential customer base and revenue streams. Further enhancing its appeal is a brand-new automatic washing bay, providing modern convenience and efficiency. The property sits on a 0.37-acre lot and enjoys excellent visibility with 150 feet of frontage on 2nd Street, placing it directly within Gravette's bustling business district and conveniently situated at a major four-way intersection. This high-traffic location ensures consistent customer flow. The property's infrastructure is already plumbed for the addition of a laundromat, offering significant potential for expansion and diversification of income streams. The asking price for this turnkey operation is $550,000. This presents a rare opportunity to acquire a well-established, profitable business with significant growth potential in a thriving Arkansas community. The existing infrastructure and prime location make this a truly exceptional investment.

Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Total area 2,511 SF
Lot 0.37 ac (16,117 SF)
APN 11-00326-000
UPID US05-0411194

Cap rate & NOI

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

Location

308 2nd SE Ave Gravette, AR 72736-9465
Gravette metro Census 20905 FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2020
Last sale
$200,000
3 recorded transactions
2020
$200,000
1969
Price N/A
1969
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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