58 Dwight Ave Clinton, NY 13323-1604
- Car washes
- 2,319 SF
- 0.35 lot acres
Current Use by Public Records
- Clinton's Car Wash / Car Wash
Property Details for 58 Dwight Ave
- Year built
- 1980
- Lot size
- 0.35 lot acres
- Property size
- 2,319 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Car washes
- APN
- 304089 347.001-1-13.2
- APU
- 3040893470011132
Description
This exceptional investment opportunity presents a state-of-the-art, 2,319 square-foot car wash in Clinton, NY. Built in 1993 and fully renovated in 2021, the property boasts two fully automated Washworld Edge tunnels, one soft cloth Motor City bay, and two self-service DRB/Washify bays. New equipment includes overhead doors, LED lighting, POS and unlimited plan kiosks, air compressors, radiant in-floor heat, water softeners, and a spot-free water system. A comprehensive security system with cameras is also in place. The 0.35-acre lot offers high visibility and accessibility from multiple streets, ensuring strong customer traffic. The property generates a substantial net operating income (NOI) of $339,820, resulting in a compelling 14.46% capitalization rate. The asking price is $2,350,000. Additional income-producing acreage is available for purchase separately. This turnkey operation is ideally suited for a savvy investor seeking a high-yield, low-maintenance commercial property in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $995,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $945,000
- 6.5%
- $870,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $985,000
- Geo Method
- $900,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $815,000
- Retail
- $810,000
- Mixed-Use
- $860,000
- Hospitality
- $895,000
- Educational
- $830,000
- Residential Income
- $835,000
- Energy
- $845,000
- Income-Based Land
- $765,000
- Food Service
- $770,000
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Oneida
- State
- New York
- Longitude
- -75.3915
- Latitude
- 43.0402
- CBSA code
- 46540
- CBSA name
- UTICA-ROME, NY METROPOLITAN STATISTICAL AREA