260 Columbia StLeetonia, OH 44431

Property Details for 260 Columbia St

Year built

1988

Lot size

0.43 AC

Property size (Sq ft)

1,568 SF

Property type

Car washes

APN

58-00976-001

APU

5800976001

Description

This exceptional investment opportunity encompasses three established car washes located at 260 Columbia Street, Leetonia, OH. The property at 260 Columbia Street, totaling 1,568 square feet on a 0.43-acre lot, features two self-serve bays, one automatic wash bay, a change machine, vending machines, a vacuum station, and a comprehensive security system. All equipment is included in the sale, presenting a turnkey operation ready for immediate revenue generation. This location is part of a three-car wash package deal, offering significant economies of scale and potential for increased profitability. The seller strongly prefers to sell all three car washes as a single package. This presents a unique chance to acquire a well-established, multi-location car wash business with existing infrastructure and clientele. The property's strategic location in Leetonia, OH, provides convenient access for local residents and commuters. The inclusion of all equipment eliminates the need for significant upfront capital investment, allowing for a faster return on investment. This is an ideal opportunity for an experienced entrepreneur seeking to expand their portfolio or a first-time business owner looking for a proven, profitable venture. Further details regarding the other two car washes are available via MLS numbers 5075148 and 5075155. The asking price for this property is $165,000. Don't miss this chance to own a thriving car wash business.

• CAP approach

  CAP return

  Valuation

  6%

  $438,351

  6.5%

  $404,631

  7%

  $375,729

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,610

  Geo Method

  $369,610

• Alternative Use

  Use

  Valuation

  Residential

  $341,322

  Hospitality

  $312,649

  Educational

  $260,120

  Medical

  $269,066

  Retail

  $404,631

Location Insight

City

Leetonia

County

Columbiana

State

Ohio

Latitude

40.8769

Longitude

-80.7551

CBSA code

41400

CBSA name

SALEM, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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