For Sale
$925,000

872 River HwyMooresville, NC 28117

Profitable Car Wash & Real Estate - NC

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional turn-key car wash business and accompanying real estate presents a rare investment opportunity in Mooresville, North Carolina. Located at 872 River Hwy, this 1,669 square foot facility sits on a 0.51-acre lot (APN: 4637-78-9653.000) and boasts a highly profitable operational history. The asking price is $925,000. Currently operating with zero employees, this largely passive ownership model offers significant potential for growth. The business benefits from over 170 monthly memberships, exhibiting year-over-year growth in both car washes and revenue. Recent extensive upgrades include a new digital advertisement sign, updated pay station, new track system, new air mitters, new LED lighting, and other equipment improvements. The property enjoys a prime location on a main retail thoroughfare, with convenient proximity to Harris Teeter, Sam's Club, and Target. Furthermore, the surrounding area is experiencing significant residential development, including new multi-family and single-family homes, promising continued growth in customer base. The current owner does not engage in active advertising, suggesting further untapped revenue potential. Market analysis projects an 11.51% population increase within one mile and a 9.45% increase within three miles. The property is also subject to bonus depreciation (consult with your CPA for details). This is a truly exceptional opportunity for a hands-off, high-return investment in a thriving community.

Highlights

  • Turn-key, highly profitable automatic car wash business and real estate for sale in Mooresville, NC.
  • Zero-employee, passive ownership model.
  • Over 170 monthly memberships with year-over-year growth in car washes and revenue.
  • Recently upgraded with a new digital sign, pay station, track system, air mitters, LED lighting, and other equipment.
  • Prime retail location near Harris Teeter, Sam's Club, and Target, with new residential development nearby.
  • No current advertising, suggesting significant untapped revenue potential.

Property Details for 872 River Hwy

Property type
Specialty properties, Retail properties
Square Feet
1,669 SF
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Mooresville
County
Iredell
State
North Carolina
Latitude
35.5999727
Longitude
-80.8909007
872 River Hwy, Mooresville, North Carolina

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872 River Hwy
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