6355 Library RdSouth Park Township, PA 15129

Property Details for 6355 Library Rd

Lot size

1.70 AC

Property type

Retail properties

Property subtype

Other car washes

APN

887-K-325

APU

887K325

Description

This exceptional investment opportunity presents a thriving, two-bay touchless car wash in South Park Township, Pennsylvania. Located at 6355 Library Road, 15129, this 1,665 square foot facility boasts a strong cash flow and is priced at $2,200,000 ($1,321.32 per square foot). The property has undergone extensive renovations within the last two years, encompassing complete overhauls of its key operational components. These upgrades include the installation of brand new Petit touchless automatic washing systems in both bays, modernized pay stations, a state-of-the-art spot-free rinse system (RO), new heating and electrical systems, updated signage, new vacuum systems, and comprehensive mechanical upgrades. This turnkey operation is situated conveniently off PA-88/Library Road, ensuring high visibility and accessibility for customers. The property represents a compelling investment opportunity with significant potential for continued growth and profitability. The business is well-maintained and ready for immediate operation, offering a seamless transition for the new owner. This is a rare chance to acquire a high-performing car wash in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $20,706,758

  6.5%

  $19,113,930

  7%

  $17,748,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,459,604

  Geo Method

  $17,459,604

• Alternative Use

  Use

  Valuation

  Residential

  $16,123,315

  Hospitality

  $14,768,870

  Educational

  $12,287,527

  Medical

  $12,710,114

  Retail

  $19,113,930

Location Insight

City

South Park

County

Allegheny

State

Pennsylvania

Latitude

40.2908

Longitude

-80.028

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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