For Sale
$1,600,000

4800 Babcock St Palm Bay, FL 32905

High-Yield Car Wash, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
134
Exceptional investment opportunity: a fully operational car wash in Palm Bay, Florida, listed at $1,600,000. This 0.82-acre property (APN: 28-37-21-75-1693-1, 28-37-21-75-1693-2), located at 4800 & 4812 Babcock St NE, 32905, boasts a 100% occupancy rate and a projected NOI of $178,200, resulting in an attractive pro-forma cap rate of 11.00%. The property is zoned CC and presents significant potential for continued operation as a successful car wash business, given its prime location on a busy street in a growing retail area. Alternatively, the property's size and location offer redevelopment opportunities for investors seeking to capitalize on the area's commercial growth. This turnkey operation provides immediate income and long-term growth potential in a thriving Florida market. The property's strong performance metrics and strategic location make it an ideal acquisition for both experienced and emerging investors seeking a high-return investment in the commercial real estate sector. Serious inquiries only.

Highlights

  • $1,600,000 asking price for a 100% occupied car wash in Palm Bay, FL.
  • 11.00% pro-forma cap rate with a $178,200 pro-forma NOI.
  • 0.82-acre lot located at 4800 & 4812 Babcock St NE, Palm Bay, FL 32905 (APN: 28-37-21-75-1693-1, 28-37-21-75-1693-2).
  • CC zoning.

Property Details for 4800 Babcock St

Property type
Specialty properties, Car washes
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
28.0311807
Longitude
-80.6223353

FAQs

What type of property is this?
Specialty property - High-Yield Car Wash, 100% Occupancy
Where is the specialty property located?
The property is located at 4800 Babcock St Palm Bay, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: $1,600,000 asking price for a 100% occupied car wash in Palm Bay, FL.; 11.00% pro-forma cap rate with a $178,200 pro-forma NOI.; 0.82-acre lot located at 4800 & 4812 Babcock St NE, Palm Bay, FL 32905 (APN: 28-37-21-75-1693-1, 28-37-21-75-1693-2).
How can I contact the broker?
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4800 Babcock St
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