666 Rodi Rd - Lumberjacks Car Wash | Penn Hills
2,314 SF Specialty Building Offered at $899,999 at a 16.12% Cap Rate in Penn Hills, PA 15235
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INVESTMENT HIGHLIGHTS
- (2) New Laserwash 360 Touch-less Automatics
- New Roof
- New Mechanicals
- New Vending
- New Stucco
- Upgraded Pay stations
EXECUTIVE SUMMARY
SVN | Three Rivers Commercial Advisors is pleased to present Lumberjacks Carwash for Sale. This turn-key carwash features extensive capital expenditures over the past 12 months including, all new mechanicals and wash equipment, pay stations, vacuum cleaners, vending machines, airlift doors, lighting, security systems, plumbing, a new roof, building stucco, parking lot, and electric panels totaling approximately $500,000.00. Despite construction, repairs, and improvements resulting in approximately 4 weeks of lost operation the wash generated over 40% increase in gross sales and a 230% increase in NOI compared to 2021. Also included in the sale is approximately a 1yr supply of chemicals for the wash.
PROPERTY FACTS
Price | $899,999 |
Price Per SF | $389 |
Sale Type | Investment |
Cap Rate | 16.12% |
Property Type | Specialty |
Property Subtype | Car Wash |
Building Class | C |
Lot Size | 0.21 AC |
Building Size | 2,314 SF |
No. Stories | 2 |
Year Built | 1950 |
Parking Ratio | 1.73/1,000 SF |
AMENITIES
- Signage
1 of 1
PROPERTY TAXES
Parcel Number | 0451-K-00082-0000-00 | Improvements Assessment | $308,300 |
Land Assessment | $56,800 | Total Assessment | $365,100 |
ZONING
Zoning Code | MU |