3720 Wickham RdMelbourne, FL 32935

Property Details for 3720 Wickham Rd

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.59 AC

Property size (Sq ft)

3,022 SF

Zone code

C2

Property type

Retail properties

Property subtype

Other car washes

APN

27-36-01-00-00016.0-0000.00

APU

9223372036854775807

Description

This thriving car wash in Melbourne, Florida, presents a compelling investment opportunity. Located at 3720 N Wickham Rd, 32935, this 3,022 square foot facility sits on a 0.59-acre lot and boasts four self-serve bays, five vacuum stations, and a new automatic touchless wash bay. Built in 1998, the property is zoned C-C2 Mixed Use, allowing for diverse potential uses. Its prime location directly across from East Florida State College ensures consistent customer traffic from students, faculty, and visitors. The 160 feet of road frontage on Wickham Road provides excellent visibility and convenient access. Well-maintained equipment ensures operational efficiency and customer satisfaction. This established business offers a strong return on investment, making it an attractive option for both seasoned investors and entrepreneurs seeking a profitable venture. The property's high visibility and convenient location, combined with its reliable equipment and strong income potential, make it a truly exceptional opportunity. This is a turnkey operation ready for a new owner to step in and continue its success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,220,934

  6.5%

  $1,127,016

  7%

  $1,046,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,195,852

  Geo Method

  $1,195,852

• Alternative Use

  Use

  Valuation

  Residential

  $950,680

  Hospitality

  $870,818

  Educational

  $724,510

  Medical

  $749,427

  Retail

  $1,127,016

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1675

Longitude

-80.6724

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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