1901 BroadwaySanta Maria, CA 93454

Property Details for 1901 Broadway

Lot size

0.31 AC

Property type

Retail properties

Property subtype

Gas stations

APN

117-500-009

APU

117500009

Description

This exceptional Santa Maria, CA, business opportunity presents a lucrative investment in a thriving car wash and gas station. Located at 1901 S Broadway, this single-story, 13,503 square foot building, built in 1971 and renovated in 2017, sits on a high-traffic commercial thoroughfare boasting over 35,000 cars daily. The property includes eight gas pumps (excluding diesel) with two tanks (12,000 gallons for regular and 6,000 gallons for super), both less than five years old. The 70-foot car wash tunnel and equipment are also approximately five years old, ensuring efficient and reliable service. The business boasts a three-year average yearly gross profit of $800,000 under absentee ownership, demonstrating strong financial performance and high historical spreads on gas sales. The property's Assessed Parcel Number (APN) is 117-500-009. This turnkey operation is situated in Santa Maria, the most populous city in Santa Barbara County, with a population exceeding 100,000 residents, guaranteeing a consistent customer base. The asking price is $2,795,000. This is a rare opportunity to acquire a well-established and profitable business with significant growth potential. The property is currently operating at 100% occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,429,260

  6.5%

  $3,165,471

  7%

  $2,939,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,901,780

  Geo Method

  $6,470,681

• Alternative Use

  Use

  Valuation

  Residential

  $2,670,193

  Hospitality

  $2,445,883

  Educational

  $2,034,946

  Medical

  $2,104,931

  Retail

  $3,165,471

Location Insight

City

Santa Maria

County

Santa Barbara

State

California

Latitude

34.9266

Longitude

-120.437

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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