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

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

PROPERTY TAXES

ZONING

Zoning Code MU
  • Listing ID: 34059300

  • Date on Market: 6/2/2023

  • Last Updated:

  • Address: 666 Rodi Rd, Penn Hills, PA 15235