420 Robbins AveNiles, OH 44446

Property Details for 420 Robbins Ave

Year built

2003

Construction

WOOD FRAME

Lot size

0.25 AC

Property size (Sq ft)

1,620 SF

Property type

Retail properties

Property subtype

Other car washes

APN

25-601010

APU

25601010

Description

This exceptional investment opportunity presents a thriving, two-bay self-service car wash located at 420 Robbins Ave, Niles, Ohio 44446. The property sits on a 0.26-acre lot and boasts a total square footage of 1,620. The car wash features two bays for customer self-service and two coin-operated vacuum stations, ensuring a comprehensive cleaning experience. This established business has demonstrated consistent profitability for an extended period, making it an attractive prospect for a buyer seeking a turnkey operation. The asking price is $199,000. The current owner is retiring and is motivated to facilitate a swift and efficient closing process. This presents a rare chance to acquire a well-established, profitable business with a proven track record in a desirable location. The property is classified as Retail and Special Purpose, with a single tenancy. The property's financial details are available upon request. This is a fantastic opportunity for an investor looking for a stable, income-generating asset in a strong market. The property is conveniently located in Trumbull County, Ohio, offering easy access to a large customer base. Don't miss this chance to own a successful car wash business.

• CAP approach

  CAP return

  Valuation

  6%

  $452,888

  6.5%

  $418,050

  7%

  $388,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,868

  Geo Method

  $381,868

• Alternative Use

  Use

  Valuation

  Residential

  $352,641

  Hospitality

  $323,017

  Educational

  $268,747

  Medical

  $277,989

  Retail

  $418,050

Location Insight

City

Niles

County

Trumbull

State

Ohio

Latitude

41.183

Longitude

-80.755

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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