516 Glades Rd Berea, KY 40403
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 516 Glades Rd
- Property type
- Commercial real estate
- APN
- B009-0007-0004-D
- APU
- B00900070004D
Description
This thriving Berea, KY car wash presents a unique investment opportunity. Established in 1990, this well-maintained business boasts a prime location in a high-traffic area, ensuring consistent customer flow. The property includes 3 self-serve power wash bays and 1 automatic bay equipped with new 45HP freestanding dryers, providing customers with customizable touch-free and brush wash options. Four vacuums and three vending machines add to the revenue streams. A significant inventory of over $50,000 in automatic replacement parts is included, minimizing downtime and operational costs. The property also features a convenient storage building. All bays accept credit cards, streamlining transactions. A comprehensive surveillance system with remote viewing capabilities ensures security and operational oversight. The 0.46-acre lot provides ample space for potential expansion and future development. This turnkey operation offers immediate passive income potential with significant upside for growth through service expansion or increased customer acquisition. The strong existing foundation and ideal location make this a compelling investment opportunity for those seeking a profitable and established business.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berea
- County
- Madison
- State
- Kentucky
- Longitude
- -84.2773
- Latitude
- 37.5854
- CBSA code
- 40080
- CBSA name
- RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA
