3321 Broadway Grove City, OH 43123
- Self service car washes
- 0.07 lot acres
Dec 01, 2021
Current Use by Public Records
- Self service car washes
Property Details for 3321 Broadway
- Lot size
- 0.07 lot acres
- Property type
- Self service car washes
- APN
- 161-000845
- APU
- 161000845
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $590,000
- ML approach
- $585,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grove City
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0822
- Latitude
- 39.8961
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
