1112 Ocean AveLompoc, CA 93436

Property Details for 1112 Ocean Ave

Lot size

0.15 AC

Property type

Automotive properties

APN

085-191-004

APU

85191004

Description

This exceptional investment opportunity features two established self-serve car washes located at 1112 Ocean Avenue and 178 Burton Mesa Blvd in Lompoc, CA. The properties, totaling 1,302 square feet on a combined 0.15-acre lot, are being sold together for $1,400,000. Each car wash boasts three enclosed bays, providing a consistent income stream with minimal operational oversight. Situated on a busy main thoroughfare, these car washes benefit from excellent visibility and high traffic counts, ensuring a steady flow of customers. The existing loyal clientele and strong local demand for car wash services contribute to the profitability of this turnkey operation. Each real estate property is individually valued at $650,000, and each business is valued at $50,000. The seller may consider carrying a note. The properties offer ample potential for growth through the addition of services or upgrades, further enhancing the return on investment. This is a rare chance to acquire a well-established, profitable business with significant upside potential. All information is deemed reliable but not guaranteed

• CAP approach

  CAP return

  Valuation

  6%

  $2,859,492

  6.5%

  $2,639,531

  7%

  $2,450,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,131,114

  Geo Method

  $3,131,114

• Alternative Use

  Use

  Valuation

  Residential

  $2,226,543

  Hospitality

  $2,039,502

  Educational

  $1,696,841

  Medical

  $1,755,198

  Retail

  $2,639,531

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Latitude

34.6386

Longitude

-120.444

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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