3223 Kickapoo Ave Shawnee, OK 74804-1716

This three-bay automatic car wash located at 3223 N Kickapoo Avenue, Shawnee, OK, is offered for sale at $590,000. The 2,720 square foot facility sits on a 0.69-acre lot. The property sustained damage from a recent tornado, impacting some equipment. Detailed financial records, including historical profit and loss statements, are available for review. A contractor's bid outlining the cost of necessary equipment repairs is also accessible. Based on the 2022 financial performance, if repairs are completed and the property is owner-operated, achieving the previous net operating income (NOI) would result in a capitalization rate exceeding 19%. This represents a significant opportunity for an investor or entrepreneur willing to undertake the necessary renovations. The property's location in Shawnee, Oklahoma offers access to a substantial customer base. Serious inquiries are encouraged to review the provided financial documentation and assess the potential return on investment. This is a unique opportunity to acquire a well-situated car wash at a discounted price, offering substantial upside potential for the right buyer.