For Sale
$2,512,000

5505 Johnston StLafayette, LA 70503

Established Car Wash, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a thriving, full-service car wash located at 5505 Johnston St, Lafayette, LA 70503. Built in 1989, this single-tenant property sits on a 1.21-acre lot (APN 6010737) in a dense retail corridor. The business boasts a long-standing history, having operated successfully since its inception, establishing a loyal customer base. Its unique position as the only full-service car wash in Lafayette provides a significant competitive advantage against express wash options. This presents a rare chance to acquire not only a profitable business but also the underlying real estate. The asking price is $2,512,000. Furthermore, the area demonstrates strong growth potential, with projected population and household growth of 5.75% within a 1 and 3-mile radius over the next five years, promising continued success and significant return on investment. This is a turnkey operation in a prime location, ready for a new owner to capitalize on its established success and future growth prospects. The property is classified as Retail, Special Purpose.

Highlights

  • $2,512,000 asking price for this established car wash business and real estate.
  • Single-tenant retail property, special purpose (car wash), built in 1989.
  • Located in a dense retail corridor on a 1.21-acre lot in Lafayette, LA (APN: 6010737).
  • Established business operating since 1989 with a loyal customer base.
  • The only full-service car wash in Lafayette, offering a competitive advantage.

Property Details for 5505 Johnston St

Property type
Specialty properties, Retail properties
Year Built
1989
Lot Size (sq. ft)
52,708 SF

Location Insight

City
Lafayette
County
Lafayette Parish
State
Louisiana
Latitude
30.1788232
Longitude
-92.0726131
5505 Johnston St, Lafayette, Louisiana

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5505 Johnston St
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