29100 7 Mile Rd - Hometown Car Wash 11,256 SF Specialty Building Offered at $2,499,000 in Livonia, MI 48152
INVESTMENT HIGHLIGHTS
- The site offers excellent visibility to just over 25,000 vehicles that travel by the site each day.
- Extraordinary value-add car wash opportunity that includes nine existing vacuums and room to expand on the existing property.
- Established subscription model in place, which offers recurring revenue in addition to the large customer base that pays per wash.
EXECUTIVE SUMMARY
29100 7 Mile Road in Livonia, MMI is a 11,256 SF Hometown Car Wash location. The site offers excellent visibility to just over 25,000 vehicles that travel by the site each day. Many large national tenants are located within walking distance of the wash, such was Walmart, Petco, Advance Auto Parts, Planet Fitness, LA Fitness, Kohl's and many more.
Hometown Car Wash is located in a densely populated area with 230,000 people with an average household income of $87,000 annually living within a five-mile radius of this site. Established subscription model in place, which offers recurring revenue in addition to the large customer base that pays per wash. Extraordinary value-add car wash opportunity that includes nine existing vacuums and room to expand on the existing property. Opportunity to acquire both Livonia and Westland Hometown Car Washes, contact broker for details.
Hometown Car Wash is located in a densely populated area with 230,000 people with an average household income of $87,000 annually living within a five-mile radius of this site. Established subscription model in place, which offers recurring revenue in addition to the large customer base that pays per wash. Extraordinary value-add car wash opportunity that includes nine existing vacuums and room to expand on the existing property. Opportunity to acquire both Livonia and Westland Hometown Car Washes, contact broker for details.
PROPERTY FACTS
| Price | $2,499,000 |
| Price Per SF | $222.01 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 11,256 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1.07/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
PROPERTY TAXES
| Parcel Number | 46-003-01-0415-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $304,000 |
ZONING
| Zoning Code | C-1 (Commercial) |
