For Sale
$2,700,000

506 Orange Grove AvePomona, CA 91768

High-traffic, automated car wash, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A car wash, built in 2012 and extensively renovated in 2024, presents a lucrative investment opportunity. Located at 506 W Orange Grove Ave, Pomona, CA 91768, this 2,817 sq ft facility sits on an 18,080 sq ft lot in a high-traffic area, boasting 141 ft of frontage on Orange Grove Ave and 164 ft of depth. The property features 11 surface parking spaces (3.90 per 1,000 sq ft), ensuring efficient customer flow. Its strategic location at the intersection of White Avenue and West Orange Grove Avenue, near the 10 Freeway, benefits from approximately 15,000 daily vehicles at the intersection and 266,326 daily vehicles on the I-10 freeway. The property's zoning is POC2*, situated in a Tier 2 Transit Oriented Community, and enjoys a Walk Score of 68 ("Very Walkable"). The car wash is 90% automated, with the potential to service 300+ cars daily. The surrounding area has a dense population (170,954 residents within three miles, 365,085 within five miles), many with multiple vehicles, creating a strong customer base. Proximity to Ganesha Park, Hamilton Park, Weber Street Park, and the Downtown Pomona Metrolink Station further enhances its appeal. The asking price is $2,700,000, with an 8.00% cap rate. This is a turnkey operation ready for immediate income generation.

Highlights

  • Class A car wash built in 2012, extensively renovated in 2024.
  • 11 surface parking spaces (3.90/1,000 SF).
  • 141 ft frontage on Orange Grove Ave, 164 ft deep.
  • POC2* zoning in a Tier 2 Transit Oriented Community.
  • Walk Score of 68 ("Very Walkable").
  • High traffic count near I-10 freeway.

Property Details for 506 Orange Grove Ave

Property type
Specialty properties, Retail properties
Class
A

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.0690776
Longitude
-117.7598368
506 Orange Grove Ave, Pomona, California

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506 Orange Grove Ave
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