58 Dwight AveClinton, NY 13323

Property Details for 58 Dwight Ave

Year built

1980

Lot size

0.35 AC

Property size (Sq ft)

2,319 SF

Zone code

05 - COMMERCIAL

Property type

Car washes

APN

304089 347.001-1-13.2

APU

3040893470011132

Description

This exceptional investment opportunity presents a state-of-the-art, 2,319 square-foot car wash in Clinton, NY. Built in 1993 and fully renovated in 2021, the property boasts two fully automated Washworld Edge tunnels, one soft cloth Motor City bay, and two self-service DRB/Washify bays. New equipment includes overhead doors, LED lighting, POS and unlimited plan kiosks, air compressors, radiant in-floor heat, water softeners, and a spot-free water system. A comprehensive security system with cameras is also in place. The 0.35-acre lot offers high visibility and accessibility from multiple streets, ensuring strong customer traffic. The property generates a substantial net operating income (NOI) of $339,820, resulting in a compelling 14.46% capitalization rate. The asking price is $2,350,000. Additional income-producing acreage is available for purchase separately. This turnkey operation is ideally suited for a savvy investor seeking a high-yield, low-maintenance commercial property in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $846,831

  6.5%

  $781,690

  7%

  $725,855

• Comparable approach

  Method

  Valuation

  Relative Method

  $768,694

  Geo Method

  $763,561

• Alternative Use

  Use

  Valuation

  Residential

  $659,385

  Hospitality

  $603,993

  Educational

  $502,515

  Medical

  $519,797

  Retail

  $781,690

Location Insight

City

Clinton

County

Oneida

State

New York

Latitude

43.0402

Longitude

-75.3915

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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