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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

Highly profitable self-service car wash (Business and Real Estate).
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
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

PROPERTY TAXES

Parcel Number
01-20-30-504-1400-0070
Land Assessment
$271,413 (2023)
Improvements Assessment
$301,218 (2023)
Total Assessment
$572,631 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

zoning

Zoning Code GC
GC
  • Listing ID: 33858357

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 2518 French Ave, Sanford, FL 32773

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