260 Columbia StLeetonia, OH 44431
- Retail properties
- 1,568 SF
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
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
Comparable in this City
Similar Nearby for Sale
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