3321 Broadway Grove City, OH 43123
This exceptional investment opportunity presents a thriving, two-bay touchless car wash located at 3321 Broadway in Grove City, Ohio (zip code 43123), Franklin County. Built in 2004 and extensively renovated in 2022, this 2,009 square foot facility boasts a strong financial performance, with a Net Operating Income (NOI) of $164,341 and a compelling 10.34% capitalization rate. The asking price is $1,590,000. The car wash is equipped with state-of-the-art Laser Wash 360 Plus systems, ensuring efficient and high-quality cleaning. Two vacuum stations provide added customer convenience. Situated on a high-traffic corridor, Broadway (US Route 62), the property benefits from exceptional visibility and daily traffic exceeding 23,227 vehicles. Prominent pylon signage further enhances its visibility and attracts customers. This turnkey operation offers a rare chance to acquire a well-established, cash-flowing business with significant growth potential in a prime location. The property's recent renovations ensure long-term operational efficiency and minimize immediate capital expenditure needs. This is an ideal investment for those seeking a stable, high-return asset in the thriving Ohio market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.