For Sale
$1,100,000

690 Boswell Ave Norwich, CT 06360

Turn-key car wash; high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • $1,100,000 asking price for this turnkey car wash.
  • 4,250 square foot storefront on a 0.47-acre lot in Norwich, CT.
  • Recently renovated in 2018 with new equipment.
  • High traffic location on Boswell Ave. in Norwich, CT.
  • Owner/user investment opportunity with potential for passive income; Occupancy date July 1, 2024.

Property Details for 690 Boswell Ave

Property type
Retail properties, Retail space
Square Feet
4,250 SF
Year Built/Renovated
2003/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
20,473 SF
Units
1

Location Insight

City
Norwich
County
New London
State
Connecticut
Latitude
41.5449717
Longitude
-72.0549331

FAQs

What type of property is this?
Retail property - Turn-key car wash; high traffic area.
Where is the retail property located?
The property is located at 690 Boswell Ave Norwich, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: $1,100,000 asking price for this turnkey car wash.; 4,250 square foot storefront on a 0.47-acre lot in Norwich, CT.; Recently renovated in 2018 with new equipment.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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690 Boswell Ave
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