1940 Main StColumbus, OH 43205

Property Details for 1940 Main St

Year built

2003

Lot size

0.39 AC

Property size (Sq ft)

1,840 SF

Property type

Retail properties

Property subtype

Self service car washes

APN

010-008188

APU

10008188

Description

This Columbus car wash presents a lucrative investment opportunity. Located at 1940 E Main St, in Franklin County, Ohio (zip code 43205), this single-story building boasts 1,840 square feet situated on a 0.118-acre lot. The property features two automatic washing bays and newer, updated equipment, ensuring efficient operation and minimal maintenance needs. Four vacuum stations cater to customer detailing needs. Its strategic location on a high-traffic corner of Nelson and Main streets guarantees consistent customer flow and strong revenue potential. The asking price for this established business is $839,000. This turnkey operation offers immediate income generation and significant growth potential for the savvy investor. The property's size and equipment are ideal for continued success in a bustling Columbus neighborhood. This is a rare chance to acquire a well-maintained, profitable car wash in a prime location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $525,814

  6.5%

  $485,367

  7%

  $450,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $433,726

  Geo Method

  $433,726

• Alternative Use

  Use

  Valuation

  Residential

  $409,425

  Hospitality

  $375,031

  Educational

  $312,021

  Medical

  $322,752

  Retail

  $485,367

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9578

Longitude

-82.9471

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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