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2518 French Ave
3,228 SF Specialty Building Offered at $1,595,000 at a 12.76% Cap Rate in Sanford, FL 32773
Investment Highlights
- High Traffic Site w/ High Visibility
- 0.75 Acres - GC2 Zoning
- 5 self-service car wash bays (one bay currently operates as a dog wash)
- Solis Concrete Block Construction - Renovated in 2022
- 2 automatic drive through car wash bays
Executive Summary
2 automatic drive-through car wash bays.
plus 5 self-service car wash bays (one bay currently operates as a dog wash).
0.75 acres - GC2 Zoning -Located within the city of Sanford.
Originally Built in 2008, Renovated in 2022.
3,440 sq ft -Solid Concrete Block Construction
Monument Signage on 17-92 (French Ave)
The site is open 24/7 with multiple income generators including; various methods of car washes, vacuums, dog wash station, and vending service. The site is also unmanned allowing customers to wash their own vehicles and affording the owner minimal labor cost. Currently, there are two part-time contracted labor staff who assist with equipment maintenance and housekeeping/cleanliness of the property. The site has two in-bay automatic washes where one of them uses soft friction bristles to provide a detailed wash and the other provides a no-touch wash with the utilization of high-pressure water and environmentally friendly chemicals. The latter is popular with those wanting to wash classic and high-value vehicles. Both automatic washes are popular with low-profile vehicles that can not use the express tunnel conveyor belts. Both accept coins, cash, and credit cards. Additionally, the site has four self-service bays that offer high-pressure rinse, wax, soap, and tire cleaning options. Two of these four self-serve bays have upgraded blow dryers installed, allowing customers to dry the car after washing. All four self-serve bays accept coins, cash, and credit cards. the fifth self-serve bay is equipped as a dog/pet washing station where customers can wash their pets with gentle shampoo, conditioner, and temperature-controlled water. The station also provides a blow dryer and sanitizing of the machine after each use. this dog/pet washing equipment has very recently been placed in usage. Customers have received it well and it has become an additional revenue generator. The property also includes 6 paid vacuums for interior cleaning, a change machine, and a vending machine that dispenses car detailing products that are purchased wholesale and sold individually.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | $99,999 | $9.99 |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $1,595,000 | Lot Size | 1.08 AC |
Price Per SF | $494 | Building Size | 3,228 SF |
Sale Type | Investment or Owner User | No. Stories | 1 |
Cap Rate | 12.76% | Year Built/Renovated | 2008/2022 |
Sale Conditions | Business Value Included | Tenancy | Single |
Property Type | Specialty | Parking Ratio | 1.19/1,000 SF |
Property Subtype | Car Wash | Cross Streets | US 17-92 |
Building Class | C | Opportunity Zone |
Yes
|
Price | $1,595,000 |
Price Per SF | $494 |
Sale Type | Investment or Owner User |
Cap Rate | 12.76% |
Sale Conditions | Business Value Included |
Property Type | Specialty |
Property Subtype | Car Wash |
Building Class | C |
Lot Size | 1.08 AC |
Building Size | 3,228 SF |
No. Stories | 1 |
Year Built/Renovated | 2008/2022 |
Tenancy | Single |
Parking Ratio | 1.19/1,000 SF |
Cross Streets | US 17-92 |
Opportunity Zone |
Yes |
Amenities
- Bus Line
About 2518 French Ave , Sanford, FL 32773
Highly profitable self-service car wash (Business and Real Estate) available for purchase... 2 automatic drive-through car wash bays 5 self-service car wash bays (one bay currently operates as a dog wash) 0.75 acres - GC2 Zoning -Located within the city of Sanford Originally Built in 2008, Renovated in 2022 3,440 sq ft -Solid Concrete Block Construction Monument Signage on 17-92 (French Ave)
PROPERTY TAXES
Parcel Number | 01-20-30-504-1400-0070 | Total Assessment | $572,631 (2023) |
Land Assessment | $271,413 (2023) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $301,218 (2023) | Tax Year | 2024 |
PROPERTY TAXES
zoning
Zoning Code | GC |
GC |
Presented by
2518 French Ave
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