6355 Library Rd South Park, PA 15129-8502
- Car washes
- 1.70 lot acres
Current Use by Public Records
- Car washes
Property Details for 6355 Library Rd
- Lot size
- 1.70 lot acres
- Property type
- Car washes
- APN
- 887-K-325
- APU
- 887K325
Description
This exceptional investment opportunity presents a thriving, two-bay touchless car wash in South Park Township, Pennsylvania. Located at 6355 Library Road, 15129, this 1,665 square foot facility boasts a strong cash flow and is priced at $2,200,000 ($1,321.32 per square foot). The property has undergone extensive renovations within the last two years, encompassing complete overhauls of its key operational components. These upgrades include the installation of brand new Petit touchless automatic washing systems in both bays, modernized pay stations, a state-of-the-art spot-free rinse system (RO), new heating and electrical systems, updated signage, new vacuum systems, and comprehensive mechanical upgrades. This turnkey operation is situated conveniently off PA-88/Library Road, ensuring high visibility and accessibility for customers. The property represents a compelling investment opportunity with significant potential for continued growth and profitability. The business is well-maintained and ready for immediate operation, offering a seamless transition for the new owner. This is a rare chance to acquire a high-performing car wash in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,145,000
- 6.5%
- $2,175,000
- 7%
- $2,220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,185,000
- Geo Method
- $2,000,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,125,000
- Retail
- $2,100,000
- Mixed-Use
- $2,545,000
- Hospitality
- $1,850,000
- Educational
- $2,200,000
- Residential Income
- $1,880,000
- Energy
- $1,890,000
- Income-Based Land
- $1,985,000
- Food Service
- $2,000,000
Location Insight
- Map
- Local Demand
- City
- South Park
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.028
- Latitude
- 40.2908
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA