62 Deane StEllsworth, ME 04605

Property Details for 62 Deane St

Lot size

0.66 AC

Zone code

DT

Property type

Car washes

APN

ELLH M:134 B:150 L:000 U:000

APU

ELLHM134B150L000U000

Description

Exceptional investment opportunity: acquire a portfolio of three newly constructed, touchless automatic car washes strategically located in Maine and New Hampshire. This portfolio boasts a strong 11.34% cap rate and a substantial net operating income (NOI) of $1,077,321. The portfolio includes two fully operational locations: a 1,976 square foot facility on 0.66 acres in Ellsworth, Maine (62 Deane St, 04605) and a 1,398 square foot facility on 0.46 acres in Rochester, New Hampshire (45 Gonic Rd, 03839). A third location, a 2,000 square foot facility on 0.48 acres in Keene, New Hampshire (364 West St, 03431), is currently under construction and slated for completion in Summer 2024. All three car washes utilize Washworld Wash Systems, Washsify Entry Unit Packages, and G&G Color Wash Systems, ensuring high-quality and efficient operations. These properties are situated in high-traffic areas, promising significant cash flow growth as they stabilize. The asking price for this exceptional portfolio is $9,500,000. Detailed financial information is available upon execution of a confidentiality agreement. Contact us for further instructions.

• CAP approach

  CAP return

  Valuation

  6%

  $6,987,254

  6.5%

  $6,449,772

  7%

  $5,989,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,466,317

  Geo Method

  $9,466,317

• Alternative Use

  Use

  Valuation

  Residential

  $5,440,624

  Hospitality

  $4,983,583

  Educational

  $4,146,282

  Medical

  $4,288,880

  Retail

  $6,449,772

Location Insight

City

Ellsworth

County

Hancock

State

Maine

Latitude

44.54

Longitude

-68.4178

Property Tax & Assessments

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