690 Boswell Ave Norwich, CT 06360

Property Details for 690 Boswell Ave

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.47 lot acres

Property size

2,216 SF

Zone code

GC

Property type

Showrooms

APN

NORW M:79 B:1 L:3

APU

NORWM79B1L3

Description

This exceptional investment opportunity presents a fully operational, turn-key car wash located at 690 Boswell Ave, Norwich, CT 06360. The property, situated on a 0.47-acre lot, boasts a 4,250 square foot building constructed in 2003 and extensively renovated in 2018. The single-story structure features a permitted GC zoning classification. The car wash offers both touchless and soft-touch options, equipped with new equipment installed during the recent renovation. This owner/user investment opportunity is priced at $1,100,000, translating to $258.82 per square foot. The property enjoys a high-traffic location on Boswell Ave in a busy commercial section of Norwich. Financial details, including income and expenses as reported to the IRS, are available upon execution of a non-disclosure agreement. The business model minimizes labor requirements; customer payments are automatically deposited, and a part-time employee is optionally available for minimal maintenance tasks. The property is available for occupancy on July 1, 2024. This near passive income generating asset represents a compelling investment in a thriving market. The LLC ownership structure provides a streamlined ownership experience. This is a one-unit property within a single building.