423 Washington StJunction City, KS 66441

Property Details for 423 Washington St

Year built

1961

Construction

FRAME

Lot size

0.27 AC

Property size (Sq ft)

2,716 SF

Zone code

CSR

Property type

Car washes

APN

111-12-0-30-19-006.00-0

APU

1111203019006000

Description

This exceptional investment opportunity presents a thriving car wash business situated at 423 S Washington St, Junction City, Kansas, 66441. The property boasts a substantial lot size, offering significant potential for expansion or redevelopment. Currently operating as a car wash, the facility includes five wash bays, one of which is an automated bay equipped with a blow dryer. Two vacuum islands, each with two vacuums, provide added customer convenience. A covered area houses vending and coin-operated machines, generating additional revenue streams. The building's square footage is estimated between 2,500 and 3,000 square feet. This established car wash is ideally positioned on a prominent corner lot along one of Junction City's main thoroughfares, ensuring high visibility and consistent traffic flow. The asking price for this turnkey operation is $125,000. The property's strategic location and existing infrastructure present a compelling opportunity for both established entrepreneurs and new business ventures. Whether continuing as a car wash or repurposing the space, this property offers significant upside potential in a growing market. The property is located in Geary County.

• CAP approach

  CAP return

  Valuation

  6%

  $689,982

  6.5%

  $636,906

  7%

  $591,413

• Comparable approach

  Method

  Valuation

  Relative Method

  $489,574

  Geo Method

  $489,574

• Alternative Use

  Use

  Valuation

  Residential

  $537,254

  Hospitality

  $492,122

  Educational

  $409,440

  Medical

  $423,521

  Retail

  $636,906

Location Insight

City

Junction City

County

Geary

State

Kansas

Latitude

39.0191

Longitude

-96.8291

CBSA code

31740

CBSA name

MANHATTAN, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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