1680 Lockbourne RdColumbus, OH 43207

Property Details for 1680 Lockbourne Rd

Year built

1987

Lot size

0.59 AC

Property size (Sq ft)

2,882 SF

Property type

Retail properties

Property subtype

Self service car washes

APN

010-021317

APU

10021317

Description

This exceptional investment opportunity presents a thriving 8-bay self-service car wash located at 1680 Lockbourne Road, Columbus, Ohio, 43207. Built in 1987, the property sits on a substantial 25,700.4 square foot lot and boasts a total building size of 3,141 square feet. The car wash is equipped with eight pumps, plus a spare, ensuring efficient operation and ample capacity for customers. Maintaining optimal water temperature are five tankless water heaters. Further enhancing the operational efficiency are two Hamilton bill changers, a Lochinar boiler, ten JDE vacuum systems, and seven vending machines, all contributing to a robust revenue stream. This turnkey operation is ready for a new owner to step in and continue its success. The property's prime location in Columbus offers excellent visibility and accessibility, attracting a consistent flow of customers. This is a rare chance to acquire a well-established and profitable car wash business in a desirable market. The asking price is $449,999. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $714,082

  6.5%

  $659,153

  7%

  $612,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $679,347

  Geo Method

  $679,347

• Alternative Use

  Use

  Valuation

  Residential

  $556,020

  Hospitality

  $509,311

  Educational

  $423,741

  Medical

  $438,314

  Retail

  $659,153

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9311

Longitude

-82.9641

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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