5690 Peoria AveGlendale, AZ 85302

Property Details for 5690 Peoria Ave

Year built

1990

Construction

CONCRETE

Lot size

0.85 AC

Property size (Sq ft)

3,239 SF

Zone code

C-2

Property type

Car washes

APN

148-25-630B

APU

14825630B

Description

This exceptional car wash opportunity presents a turnkey operation in Glendale, Arizona. Located at 5690 W Peoria Ave, this 0.85-acre property (APN 148-25-630B) boasts a prime location within a dense market, enjoying high visibility with approximately 41,000 vehicles passing daily. The single-tenant building, originally constructed in 1990, underwent a significant renovation in 2022, incorporating approximately $250,000 in improvements. This established business benefits from a loyal customer base cultivated over decades of operation. The surrounding area demonstrates strong retail presence, with nearby businesses including Home Depot, Walgreens, and Applebee's. The property's strong demographics include a healthy 3-mile population of 156,000 residents and 55,000 households. Further bolstering its investment potential is the projected 6.98% population growth within a 1 and 3-mile radius over the next five years. The asking price for this thriving car wash is $2,812,000. This is a rare opportunity to acquire a well-established, high-performing business in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $777,477

  6.5%

  $717,671

  7%

  $666,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,258,216

  Geo Method

  $1,258,216

• Alternative Use

  Use

  Valuation

  Residential

  $605,382

  Hospitality

  $554,527

  Educational

  $461,360

  Medical

  $477,227

  Retail

  $717,671

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.5825

Longitude

-112.181

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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