1102 3Rd StFarmville, VA 23901

Property Details for 1102 3Rd St

Lot size

1.36 AC

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

023A913 A

APU

023A913A

Description

This exceptional commercial property offering presents a lucrative investment opportunity in Farmville, VA. The sale includes two strategically located properties: 2011 S Main St and 1102 W 3rd St, operating together as the well-established Washbox Carwash. The combined properties boast a total of 4,012 square feet situated on a half-acre lot. The 2011 S Main St location features one automatic bay and three self-serve bays. The 1102 W 3rd St location includes one automatic touch-free bay and one self-serve bay, along with a valuable addition: a garage featuring a well-rented apartment above. This provides a significant supplemental income stream. The sale price of $2,999,900 includes all existing equipment and the established business, offering immediate cash flow potential. Significant upgrades and improvements have been implemented within the last two to three years, enhancing the properties' value and operational efficiency. The business model is already proven successful in the Richmond metro area, and there's potential for further growth through the addition of monthly subscription services. This is a turnkey operation ready for a new owner to step in and capitalize on its existing success. Note that the owner is selling these two properties together only.

• CAP approach

  CAP return

  Valuation

  6%

  $10,980,484

  6.5%

  $10,135,831

  7%

  $9,411,843

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,077,534

  Geo Method

  $21,077,534

• Alternative Use

  Use

  Valuation

  Residential

  $10,135,831

  Hospitality

  $9,284,367

  Educational

  $7,724,484

  Medical

  $7,990,141

  Retail

  $12,015,864

Location Insight

City

Farmville

County

Prince Edward

State

Virginia

Latitude

37.2958

Longitude

-78.3797

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].