3999 Parkway DrFresno, CA 93722

Property Details for 3999 Parkway Dr

Year built

1987

Construction

TYPE NOT SPECIFIED

Lot size

0.48 AC

Property size (Sq ft)

3,720 SF

Zone code

CC

Property type

Car washes

APN

511-240-03

APU

51124003

Description

This exceptional investment opportunity presents a thriving hand car wash located at 3999 N Parkway Dr, Fresno, CA 93722. The property boasts a prime corner location with excellent freeway access via Highway 99, ensuring high visibility and convenient customer access. The existing 3,720 square foot building features seven wash bays and eight vacuum stations, currently operating as a successful hand car wash business. However, the significant potential lies in its adaptability. The property offers a unique conversion opportunity to an express car wash, capitalizing on the growing demand for faster and more efficient car cleaning services. The expansive lot, measuring up to 30,000 square feet, provides ample space for expansion and future development. With a substantial 140-foot frontage, the property enjoys exceptional visibility and accessibility. The asking price for this turnkey operation is $1,200,000, representing a compelling investment in a high-growth sector within a desirable Fresno location. This is a rare chance to acquire a well-established business with significant upside potential. Don't miss this opportunity to own a piece of Fresno's thriving automotive services market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,200,233

  6.5%

  $1,107,907

  7%

  $1,028,771

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,378,428

  Geo Method

  $2,614,614

• Alternative Use

  Use

  Valuation

  Residential

  $934,561

  Hospitality

  $856,053

  Educational

  $712,226

  Medical

  $736,721

  Retail

  $1,107,907

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7931

Longitude

-119.867

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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