For Sale
$1,950,000

0 Hamilton CountyCincinnati, OH 45201

High-Yield Car Wash Trio, $1.95M

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of three established, well-maintained car washes in prime Cincinnati, Ohio locations. Each 6-bay facility (5 self-serve, 1 automated) boasts high-value corner lots with pylon signage, ensuring excellent visibility and accessibility. The portfolio totals approximately 8,112 square feet across three parcels ranging from 0.35 to 0.46 acres. Built in 1986 and 1995, these car washes generate a combined NOI of $207,474.93, representing a strong 10.64% cap rate. Current gross sales are approximately $400,000, with significant upside potential due to pricing below market rates. The sale includes all fixtures, equipment, and inventory. This is an ideal opportunity for 1031 exchange or cash buyers seeking a high-yield, passive investment with immediate returns and substantial growth potential. The properties are easily accessible from dense neighborhoods and major thoroughfares, ensuring consistent customer traffic. The significant value in the real estate itself further enhances this compelling investment proposition.

Highlights

  • Silverton location: 2,782 sq ft building on a 0.445-acre lot.
  • Oakley location: 2,704 sq ft building on a 0.351-acre lot, built in 1995.
  • Elmwood location: 2,626 sq ft building on a 0.463-acre lot, built in 1986.
  • Portfolio features three active, well-maintained car washes; each with five self-serve bays and one automated bay.
  • Offers a 10%+ return on investment, ideal for 1031 exchange or cash buyers.
  • Prime locations with excellent visibility and accessibility from major thoroughfares and dense neighborhoods.

Property Details for 0 Hamilton County

Property type
Specialty properties, Car washes
Square Feet
2,626 SF
Lot Size (sq. ft)
15,246 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1066354
Longitude
-84.5363226
Hamilton County, Cincinnati, Ohio

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0 Hamilton County
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