Automatic drive through Car wash

Special Purpose for Sale
Catylist Listing ID: 30820567
Building Size (RSF): 4,040 SF
Gross Land Area: 0.55 Acres
Sale Price: $950,000
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 4,040 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/3/2023

Overview / Comments

Looking for a great INVESTMENT PROPERTY in a great location! This is it! An automatic tunnel Car Wash located on a stretch of Wabash St where Rt 13 & Rt 15 run together. (Rt 13 & Rt 15 are the main north-south travel arteries through the county). Also the property is adjacent to the beloved Wabash Riverwalk and Wabash River. This car wash has been run by the same family for 30 years. There are 2 additional garage spaces in the building that could be rented out or expand the services. In 2019 the tunnel was lengthened and the car wash components were updated. New roof. There is a current survey completed. There is a lot of renovation and progress happening in the immediate area.

Additional Details

Nearest MSA: Wabash
County: Wabash
Taxing Authority: Wabash City
Tax ID/APN: 85-14-14-104-054.000-009, 85-14-14-104-055.000-009
Property Located Between: Wabash River & Fulton St
Property Visibility: Excellent
Largest Nearby Street: Miami St
Feet of Frontage: 120
Highway Access: St Rd 15 & St Rd 13
Airports: Wabash Municipal Airport . Ft Wayne International 45 minutes
Site Description: Level .545 ac site all paved
Area Description: Located just south of downtown Wabash on Wabash St or St Rd 15 & 13 that runs north and south through Wabash.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,040 SF
Property Condition: Good
Year Built: 1981
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Block and Brick structure. Good overall condition
Parking Type: Surface
Parking Description: Off street asphalt parking area
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Internet Access: Cable, Fiber Optic
Zoning Description: HD- Historic Downtown
Lot Frontage: 120'
Lot Depth: 166+-
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Normal utility easements
Land Ownership: Fee simple
Legal Description: PT NW1/4 14-27-6 FLYNNS S 50' LOT 6 &5' VAC ALLEY & MURPHYS W PT LOTS17 & 18 & PT VAC RACE ST & PT VAC ALLEY

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,423 10,845 14,617
Median Age: 35.91 41 42.26
Households: 1,340 4,547 6,019
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