260 Columbia StLeetonia, OH 44431

  • Retail properties
  • 1,568 SF
For Sale
$165,000 View listing

Property Details for 260 Columbia St

Year built
1988
Lot size
0.43 AC
Property size (Sq ft)
1,568 SF
Property type
Retail properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
260 Columbia St, Leetonia, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,081
$19,880
$27,970
$47,850
-
$56,800
$79,900
$136,700

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