226 S. State Street, South Whitley, IN

226 S. State Street, South Whitley, Indiana 46787

  • Property Subtypes Auto Related
  • Building Size (RSF) 2,022 SF
  • Gross Building Area 2,022 SF
  • Establishment Name 2009
  • Establishment Name South Whitley Car Wash Center
  • Sale Price $469,000.00 Total
  • Class of Space N/A
  • Total Land Size 9,856 SF
  • Sale Terms Cash to Seller
  • Sale Terms Description Cash at Closing
  • Cap Rate Undisclosed
  • Last Updated 10/26/2020
  • Days on Market 610 Days
  • Status active

Overview / Comments

South Whitley Car Wash Center opened in 2009 and has been honored as the 2nd Place People's Choice Award Winner for two years running. The automated and self service car wash was built and has been managed by a single owner for 10 years. The system has been professionally maintained and is touch free utilizing a cleaning technique where nothing comes in contact with the vehicle except mild soap solutions and water thus offering less opportunity for property damage. Additionally, the touch free system has fewer mechanical components to break or wear out than a friction system. The automatic touch system can be accessed by owner from any phone or remote computer and an IP-based camera surveillance system offers security. Unitec Pay Station on site. The well-maintained site and block building is located in downtown South Whitley on the main thoroughfare and is included in business sale. Cap Rate: 7.5% FOR MORE INFORMATION ON THIS AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bndcommercial.com/listings

Agent Notes

FOR MORE INFORMATION ON THIS AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bndcommercial.com/listings

Additional Details

  • Reason For Selling Owner is selling business as part of a retirement planning strategy.
  • Tax ID/APN 92-08-04-101-101.000-002
  • Sale Term Description Cash at Closing

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