62 Deane StEllsworth, ME 04605

Property Details for 62 Deane St

Lot size

0.66 AC

Zone code

DT

Property type

Retail properties

Property subtype

Other 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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].