1811 Court AveChariton, IA 50049

Property Details for 1811 Court Ave

Year built

1989

Lot size

0.60 AC

Property size (Sq ft)

2,028 SF

Property type

Self service car washes

APN

719376014

APU

719376014

Description

This exceptional investment opportunity presents a newly updated, three-bay self-service car wash in Chariton, Iowa. Located on a busy roadway, this property enjoys high visibility and consistent traffic flow, ensuring a steady stream of customers. The car wash is equipped with brand-new, state-of-the-art equipment in each of its three bays, providing a modern and efficient car washing experience. A convenient vacuum station is also included, offering added customer convenience and a potential revenue stream. The facility is well-maintained and presents a turnkey operation, ready for immediate income generation. The property's prime location and modern equipment combine to create a strong foundation for a successful and profitable business. This is an ideal opportunity for investors seeking a low-maintenance, high-return investment in a thriving community. The asking price is $219,000. The property is situated on a 0-acre lot at 1811 Court Avenue West, Chariton, IA. No square footage is provided. This is a general commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $558,812

  6.5%

  $515,827

  7%

  $478,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $289,420

  Geo Method

  $289,420

• Alternative Use

  Use

  Valuation

  Residential

  $435,119

  Hospitality

  $398,567

  Educational

  $331,603

  Medical

  $343,007

  Retail

  $515,827

Location Insight

City

Chariton

County

Lucas

State

Iowa

Latitude

41.0148

Longitude

-93.3206

Property Tax & Assessments

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