3012 Wexford RdWexford, PA 15090

Property Details for 3012 Wexford Rd

Lot size

1.13 AC

Property type

Retail properties

Property subtype

Other car washes

APN

1499-C-15

APU

1499C15

Description

This exceptional investment opportunity presents a fully renovated, five-bay car wash facility in Wexford, Pennsylvania. Located at 3012 Wexford Road, 15090, this 3,483 square foot property boasts two touchless automatic bays and three self-serve bays, ensuring diverse revenue streams. The site is further enhanced by four vacuum stations and a vending machine, providing additional income opportunities. Recent, extensive renovations have revitalized the entire facility. Improvements include brand new bay doors, state-of-the-art car wash equipment, updated dryers, a new spot-free rinse system, a new compressor, and completely new signage. The equipment room has been entirely refurbished, and the exterior has received a fresh coat of paint. A new mobile payment app has been implemented for customer convenience. The property also features new canopies and a new boiler, ensuring efficient and reliable operation. This turnkey operation offers a strong cash flow potential and represents a compelling investment in a desirable location within Allegheny County. The asking price is $2,450,000, translating to $703.42 per square foot. This represents a rare opportunity to acquire a well-maintained, high-performing car wash business with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $13,797,143

  6.5%

  $12,735,825

  7%

  $11,826,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,633,529

  Geo Method

  $11,633,529

• Alternative Use

  Use

  Valuation

  Residential

  $10,743,145

  Hospitality

  $9,840,663

  Educational

  $8,187,316

  Medical

  $8,468,890

  Retail

  $12,735,825

Location Insight

City

Wexford

County

Allegheny

State

Pennsylvania

Latitude

40.6265

Longitude

-80.0539

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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