615 W Ray Rd - FRANKIE'S CAR WASH
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615 W Ray Rd - FRANKIE'S CAR WASH
4,306 SF Specialty Building Offered at $2,400,000 in Gilbert, AZ 85233
Investment Highlights
- BELOW REPLACEMENT COSTS: Priced well below replacement costs for todays car wash construction/development costs
- GROWING MARKET: Projected 7.50% population growth over the next 5 years in a 1 & 3 mile radius of the site
- FLEXIBLE LEASE TERMS: Future upside as both detail and window tint tenants are on month-to-month leases
- TURNKEY OPERATIONS: Complete site renovation in 2023 with ~$600K in improvements
- MULTIPLE REVENUE STREAMS: Detail and window tint tenants in back produce additional site revenues
- AFFLUENT MARKET: Local household income averages $129K/yr in a 1-mile radius of the site
Executive Summary
Broker of Record
Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
Property Facts
| Price | $2,400,000 | Lot Size | 1.73 AC |
| Price Per SF | $557 | Building Size | 4,306 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2004/2023 |
| Property Subtype | Car Wash | Parking Ratio | 2.79/1,000 SF |
| Building Class | B |
| Price | $2,400,000 |
| Price Per SF | $557 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.73 AC |
| Building Size | 4,306 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2004/2023 |
| Parking Ratio | 2.79/1,000 SF |
Amenities
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | 302-83-962 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $254,389 |
PROPERTY TAXES
Parcel Number
302-83-962
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$254,389
zoning
| Zoning Code | C-C |
| C-C |
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615 W Ray Rd - FRANKIE'S CAR WASH
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