8858 Telegraph Rd Newport, MI 48166-8942
- Auto shops
- 1,302 SF
- 1.10 lot acres
Sep 14, 2020
Current Use by Public Records
- 3 Rays Auto Wash / Self Service Car Wash
Property Details for 8858 Telegraph Rd
- Year built
- 2005
- Lot size
- 1.10 lot acres
- Property size
- 1,302 SF
- Property type
- Auto shops
- APN
- 07-003-022-11
- APU
- 700302211
Description
This exceptional investment opportunity presents a fully renovated, high-traffic car wash and oil change facility located at 8858 N Telegraph Rd, Newport, MI 48166. The property boasts 7,000 square feet across two single-story buildings on a 1.1-acre lot, built in 2005. The car wash features four self-serve bays and an automatic wash bay, all recently remodeled. The oil change tenant occupies a portion of the space and pays a triple-net lease of $2,000 per month. Two new compressors have been recently installed. The asking price is $1,500,000, representing $214.29 per square foot and $750,000 per unit. The property is situated in Monroe County, Michigan, in a high-traffic area along N Telegraph Rd, offering significant potential for continued growth and profitability. All measurements are approximate and should be independently verified. The property features a standard ownership structure and the APN is 580700302211. This is a turnkey operation ideal for an investor seeking a stable, income-generating asset in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $525,000
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Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Monroe
- State
- Michigan
- Longitude
- -83.3542
- Latitude
- 42.006
- CBSA code
- 33780
- CBSA name
- MONROE, MI METROPOLITAN STATISTICAL AREA
