2795 Bailey AveBuffalo, NY 14215

Property Details for 2795 Bailey Ave

Year built

1996

Lot size

0.26 AC

Property size (Sq ft)

2,355 SF

Zone code

D-S

Property type

Car washes

APN

140200 90.49-5-36.1

APU

14020090495361

Description

This established car wash in Buffalo, NY, presents a lucrative investment opportunity. Priced at $465,000, this well-maintained and fully operational business boasts a strong net operating income (NOI) of $60,000. Located at 2795 Bailey Ave, in Erie County, NY, 14215, the property enjoys a high-traffic location just minutes from downtown Buffalo. The car wash features five bays – four spray bays and one automatic bay – along with six customer vacuums. Its prime corner location ensures consistent customer flow and potential for future growth. The business has a proven track record of strong yearly returns, making it an attractive prospect for an owner-operator seeking a profitable, established enterprise. This turnkey operation is ready for immediate ownership and offers the potential for continued success in a thriving urban market. The property's excellent condition and established customer base contribute to its strong financial performance and long-term viability. This is a rare opportunity to acquire a profitable, established business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $627,988

  6.5%

  $579,681

  7%

  $538,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $567,763

  Geo Method

  $373,346

• Alternative Use

  Use

  Valuation

  Residential

  $488,983

  Hospitality

  $447,906

  Educational

  $372,652

  Medical

  $385,468

  Retail

  $579,681

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9309

Longitude

-78.8133

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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