13550 Hull Street RdMidlothian, VA 23112

Property Details for 13550 Hull Street Rd

Year built

2005

Lot size

1.66 AC

Property size (Sq ft)

5,483 SF

Zone code

C3 - COMMUNITY BUS DIST

Property type

Commercial real estate

APN

729-67-41-72-000-000

APU

729674172000000

Description

This exceptional commercial property, located at 13550 Hull Street Road in Midlothian, Virginia, presents a lucrative investment opportunity. The 1.66-acre site currently operates as a thriving full-service car wash, boasting a 110-foot Hanna-Coleman tunnel, DRB Point of Sale and Controller system, and an automated vacuum system. Further enhancing profitability is a two-bay detail center. The sale includes both the established business and the land. Chesterfield County has already approved site plans to expand the operation by adding a vacuum lot and converting to an express-flex wash configuration, significantly increasing capacity and revenue potential. This prime location within the Brandermill District, situated along the heavily trafficked Route 288 corridor, benefits from an impressive daily traffic count of 72,000 vehicles and a substantial population of 111,000 within a five-mile radius. This translates to a large and readily accessible customer base. The property's existing infrastructure and approved expansion plans offer a unique opportunity for immediate returns and significant long-term growth. The asking price is $4,650,000. This is a turnkey operation ready for a new owner to step in and capitalize on its established success and considerable expansion potential. All equipment is included in the sale.

• CAP approach

  CAP return

  Valuation

  6%

  $1,152,920

  6.5%

  $1,064,230

  7%

  $988,217

• Comparable approach

  Method

  Valuation

  Relative Method

  $615,362

  Geo Method

  $915,716

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,108,810

  Retail / Commercial

  $1,078,730

  Mixed-Use / Specialty

  $1,072,790

  Hospitality / Lodging

  $784,344

  Office

  $1,064,230

  Institutional / Educational

  $1,114,520

  Residential Income

  $1,303,990

  Multifamily

  $1,575,540

  Automotive / Energy

  $955,302

  Parking / Income-Based Land

  $331,732

  Restaurant / Food Service

  $553,496

  Healthcare / Senior Housing

  $1,102,270

Location Insight

City

Midlothian

County

Chesterfield

State

Virginia

Latitude

37.4108

Longitude

-77.6521

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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