223 Main StNewkirk, OK 74647

Property Details for 223 Main St

Year built

2011

Lot size

0.34 AC

Property size (Sq ft)

1,404 SF

Property type

Self service car washes

APN

4000-00-028-001-0-000-00

APU

400000028001000000

Description

This profitable, 100% occupied car wash presents a unique investment opportunity in Newkirk, Oklahoma. Located at 223 N Main St, this single-story, 1,404 square foot facility sits on a 0.35-acre corner lot, providing excellent street visibility and convenient access. Built in 2011, the car wash features four self-serve bays, one automated bay, and a dedicated bay for trucks and equipment. A significant advantage is the inclusion of an indoor dog wash, a service not currently offered elsewhere in the immediate area. Further enhancing customer convenience are four auto vacuums, a purified water system, and a bagged ice dispensing area. The property is zoned commercial and benefits from a lack of local competition, ensuring strong potential for continued success and return on investment. The asking price is $350,000, translating to $249.29 per square foot. This turnkey operation offers immediate cash flow and a compelling opportunity for growth within a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $355,582

  6.5%

  $328,230

  7%

  $304,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $425,702

  Geo Method

  $425,702

• Alternative Use

  Use

  Valuation

  Residential

  $276,874

  Hospitality

  $253,615

  Educational

  $211,005

  Medical

  $218,262

  Retail

  $328,230

Location Insight

City

Newkirk

County

Kay

State

Oklahoma

Latitude

36.8848

Longitude

-97.054

CBSA code

38620

CBSA name

PONCA CITY, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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