4686 Indianola Ave, Columbus, OH 43214
For Sale
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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.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
4700 · Columbus, OHColumbus. Always verify with local authorities before improvements.
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.