16223 James Madison HwyDillwyn, VA 23936

  • Other commercial real estate
  • 0.88 AC
For Sale
$875,900 View listing

Property Details for 16223 James Madison Hwy

Lot size
0.88 AC
Property type
Other commercial real estate
APN
125-2-2A
APU
12522A

Description

This thriving car wash business, known as Washbox Carwash, is located at 16223 N James Madison Highway in Dillwyn, Virginia. The 1,992 square foot facility sits on a 0.88-acre lot and is offered at $875,900. The well-established car wash boasts a mix of self-serve and touch-free bays, catering to a wide range of customer needs. The current setup includes one automatic bay, three regular self-serve bays, and a spacious bay designed for larger trucks. Significant upgrades and improvements have been implemented across multiple locations within the last two to three years, enhancing operational efficiency and customer experience. This presents a unique opportunity to acquire a profitable, established business with the potential for increased revenue through the addition of monthly subscription services. The seller also owns other properties, including commercial properties in Farmville, Virginia (listed at $2,999,900), a property in Amelia, Virginia (listed at $450,000), and a property in an undisclosed location including a leasehold interest (listed at $989,900). The seller may consider selling these properties together. This is a turnkey operation ideally situated in the Richmond metro area, offering immediate income generation and significant growth potential. The property's prime location ensures high visibility and consistent customer traffic. This presents a rare opportunity to acquire a profitable and established business with a strong track record.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,558,469
    Hospitality
    $6,007,522
    Educational
    $4,998,188
    Medical
    $5,170,084
    Retail
    $7,774,959
16223 James Madison Hwy, Dillwyn, Virginia

Location Insight

City
Dillwyn
County
Buckingham
State
Virginia
Latitude
37.5451
Longitude
-78.473

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
2024
$1,145
$110,000
$80,800
$190,800
-
$110,000
$80,800
$190,800

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