For Sale
$2,400,000

615 Ray Rd Gilbert, AZ 85233

Turnkey Car Wash, High Growth Market

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional turnkey car wash business, located at 615 W Ray Rd in Gilbert, Arizona (Maricopa County, zip code 85233), presents a rare investment opportunity. Built in 2004 and extensively renovated in 2023 with approximately $600,000 in improvements, the property boasts a 2.98-acre lot (APN 302-83-962). Priced significantly below current replacement costs for similar car wash construction and development, this single-tenancy retail property offers substantial value. The business benefits from multiple revenue streams, including detail and window tint services operating on month-to-month leases, providing flexible lease terms and future upside potential. The affluent Gilbert market is experiencing robust growth, with projected population increases of 7.50% within a 1- and 3-mile radius over the next five years. Local household income averages $129,000 annually within a one-mile radius, indicating a strong and stable customer base. This is a truly exceptional opportunity to acquire a well-established, high-performing car wash in a thriving market. The asking price is $2,400,000.

Highlights

  • Below replacement cost: Priced significantly below current construction costs for a comparable car wash.
  • Turnkey operation: Recently renovated in 2023 with $600,000 in improvements.
  • High-growth market: Strong population growth projected at 7.5% within a 3-mile radius over the next five years.
  • Multiple income streams: Additional revenue generated by detail and window tinting tenants.
  • Flexible lease terms: Month-to-month leases provide upside potential with detail and window tinting tenants.
  • Affluent trade area: Average household income exceeds $129,000 annually within a one-mile radius.

Property Details for 615 Ray Rd

Property type
Specialty properties, Retail properties
Year Built/Renovated
2004/2023
Lot Size (sq. ft)
129,809 SF

Location Insight

City
Gilbert
County
Maricopa
State
Arizona
Latitude
33.3198049
Longitude
-111.8032966

FAQs

What type of property is this?
Specialty property - Turnkey Car Wash, High Growth Market
Where is the specialty property located?
The property is located at 615 Ray Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Below replacement cost: Priced significantly below current construction costs for a comparable car wash.; Turnkey operation: Recently renovated in 2023 with $600,000 in improvements.; High-growth market: Strong population growth projected at 7.5% within a 3-mile radius over the next five years.
How can I contact the broker?
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615 Ray Rd
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