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    FOR SALE
    Self service car washes

    4686 Indianola Ave, Columbus, OH 43214

    3,760 SF 0.27 ac lot Built 1964
    Individually Owned 24-yr Hold ~ Est. High Equity
    Property ID
    US66-2150091
    Property summary
    AI-generated overview

    This profitable Columbus car wash, located at 4686 Indianola Avenue, presents a unique investment opportunity. Built in 1964 and situated on two parcels totaling nearly an acre (11,761.2 sq ft), this property boasts a prime location with high visibility, just minutes from I-71 and less than 20 minutes from Easton Town Center and under 30 minutes from Downtown Columbus. The car wash has been in operation since the late 1950s and includes updated equipment and on-site maintenance personnel. Adding to its revenue streams are vending machines selling car accessories and cleaning supplies. The asking price is $1,400,000, translating to $250.90 per square foot. The property's versatility allows for continued operation as a car wash, structural conversion, or new construction. Its proximity to a COTA park and ride and a proposed rail system connecting Columbus to Cleveland and Cincinnati further enhances its long-term value. The seller is open to owner financing, making this an attractive proposition for serious investors. This is a true cash cow with significant upside potential. Located in Franklin County, Ohio, zip code 43214.

    Property profile
    Verified
    Property type Self service car washes
    Use group CAR WASH - SELF-SERVE
    Year built 1964
    Total area 3,760 SF
    Lot 0.27 ac (11,761 SF)
    Zoning code 4700
    APN 010-084905
    UPID US66-2150091
    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
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    by Request
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    Owner & transaction history
    Advanced Car Wash Systems II · 24 yrs held
    Advanced Car Wash Systems II
    since 2001
    1 recorded transaction
    2001
    $700,000
    Zoning & alternative use
    4700 · Columbus, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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