1317 Middlesex St - Very Active Busy Car Wash For Sale
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1317 Middlesex St - Very Active Busy Car Wash For Sale
17,942 SF Specialty Building Offered at $2,400,000 in Lowell, MA 01851
Investment Highlights
- Restaurant is currently fully rented.
- This property features under car washing hub-scrubs.
- Got a membership? Then you get free vacuums and unlimited washers!
- Accepting $2,400,000 or best offer!
- Building 2 is 5 self-clean bay car wash units.
- Great potential unfinished 2nd and 3rd floor building 3.
Executive Summary
Multi-use investment property with three separate buildings with total of 18,000 square feet. Building one is a 2 bay Mark VII 24/7 self-automated touchless car wash available for lease,3-5 years at $5,000 / month. Building 2 is 5 15X25 self-clean bay car wash units available for lease at $1,500 / month . Building 3 is 4 16X45 industrial bay units available for lease at $1,800 / month.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$288,000
|
$16.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$288,000
|
$16.05
|
| Taxes |
$17,868
|
$1.00
|
| Operating Expenses |
$34,730
|
$1.94
|
| Total Expenses |
$52,598
|
$2.93
|
| Net Operating Income |
$235,402
|
$13.12
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $16.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $16.05 |
| Taxes | |
|---|---|
| Annual | $17,868 |
| Annual Per SF | $1.00 |
| Operating Expenses | |
|---|---|
| Annual | $34,730 |
| Annual Per SF | $1.94 |
| Total Expenses | |
|---|---|
| Annual | $52,598 |
| Annual Per SF | $2.93 |
| Net Operating Income | |
|---|---|
| Annual | $235,402 |
| Annual Per SF | $13.12 |
Property Facts
| Price | $2,400,000 | Lot Size | 0.54 AC |
| Price Per SF | $134 | Building Size | 17,942 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built | 2007 |
| Property Subtype | Car Wash | Parking Ratio | 2.23/1,000 SF |
| Building Class | C |
| Price | $2,400,000 |
| Price Per SF | $134 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 17,942 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Parking Ratio | 2.23/1,000 SF |
PROPERTY TAXES
| Parcel Number | LOWE-000086-004085-001317 | Total Assessment | $733,500 (2024) |
| Land Assessment | $190,800 (2024) | Annual Taxes | $17,868 ($1.00/SF) |
| Improvements Assessment | $542,700 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
LOWE-000086-004085-001317
Land Assessment
$190,800 (2024)
Improvements Assessment
$542,700 (2024)
Total Assessment
$733,500 (2024)
Annual Taxes
$17,868 ($1.00/SF)
Tax Year
2023
zoning
| Zoning Code | LI (Light Industrial with Special Permitting for Retail - 24 hours of operation & Restaurant/Retail, and Car Wash) |
| LI (Light Industrial with Special Permitting for Retail - 24 hours of operation & Restaurant/Retail, and Car Wash) |
-
Tom Courtney -
LAER Realty Partners
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1317 Middlesex St - Very Active Busy Car Wash For Sale
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