11791 Central AveChino, CA 91710

  • Car washes
  • 4,063 SF
For Sale
$4,990,000 View listing

Property Details for 11791 Central Ave

Year built
1982
Construction
TILT-UP CONCRETE
Lot size
1.82 AC
Property size (Sq ft)
4,063 SF
Property type
Car washes
APN
1014-381-01-0000
APU
1014381010000

Description

This exceptional 1.82-acre property in Chino, CA, features a 4,063 square foot car wash located at 11791 Central Ave, 91710. Priced at $4,990,000 ($1,228.16/sq ft), this special purpose property boasts a prime location on a busy street with high traffic counts exceeding 48,000 cars per day, situated near the 60 Freeway. Approximately half of the land is currently occupied by the existing car wash, leaving significant room for expansion. The property offers a rare opportunity to convert the existing facility into a Super Express or Super Flex car wash, adding features such as 40-50 vacuum stations and creating multiple profit centers. The potential exists to transform this site into a one-stop super auto service center. The surrounding area demonstrates strong demographics, with over 467,000 people residing within a 5-mile radius and average household incomes exceeding $107,000 within a 10-mile radius. This presents a unique investment opportunity with substantial upside potential for growth and increased profitability. Don't miss this chance to acquire a high-performing asset in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,487,563
    6.5%
    $1,373,135
    7%
    $1,275,054
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,735,988
    Geo Method
    $2,628,315
  • Alternative Use

    Use
    Valuation
    Residential
    $1,158,291
    Hospitality
    $1,060,988
    Educational
    $882,730
    Medical
    $913,088
    Retail
    $1,373,135

Location Insight

City
Chino
County
San Bernardino
State
California
Latitude
34.0392
Longitude
-117.688
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,451
$884,069
$928,027
$1,812,096
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