351 Wheat RdVineland, NJ 08360
- Commercial real estate
- 0.90 AC
Property Details for 351 Wheat Rd
- Construction
- BRICK
- Lot size
- 0.90 AC
- Property type
- Commercial real estate
- APN
- 04 00207-0000-00026
- APU
- 400207000000026
Description
This exceptional investment opportunity presents a fully operational six-bay car wash situated on a 0.9-acre lot in Vineland, NJ, at 351 Wheat Road. The car wash boasts five self-service bays and one automated touchless bay, equipped with seven vacuum units and convenient vending machines. A dedicated storage and mechanical room ensures efficient operation, complemented by a half bath for staff and customer use. The property features newly installed asphalt paving and is secured with perimeter fencing, enhancing both aesthetics and security. An integrated alarm system further safeguards the premises. Beyond the immediate car wash operation, this property offers significant future development potential. The additional 8.64 acres of land are zoned I-1, allowing for a variety of industrial or commercial uses, presenting a unique opportunity for expansion or diversification. The 2,100 square foot main building houses the car wash operation and related amenities. This turnkey business, with its established revenue stream and expansive land, represents a compelling investment opportunity in a growing market. The property's strategic location and versatile zoning make it an ideal choice for both established businesses and forward-thinking investors seeking substantial returns. The combination of a profitable existing business and significant undeveloped land provides a rare opportunity for immediate income and long-term growth. The asking price is $650,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $12,969,348
- Hospitality
- $11,879,853
- Educational
- $9,883,898
- Medical
- $10,223,820
- Retail
- $15,374,952
Location Insight
- City
- Vineland
- County
- Atlantic
- State
- New Jersey
- Latitude
- 39.5105
- Longitude
- -74.9657
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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