1317 Middlesex St - Very Active Busy Car Wash For Sale
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1317 Middlesex St - Very Active Busy Car Wash For Sale
17,942 SF Specialty Building Offered at $3,371,232 CAD in Lowell, MA 01851
Investment Highlights
- Restaurant is currently fully rented.
- This property features under car washing hub-scrubs.
- Got a membership? Then you get free vacuums and unlimited washers!
- Accepting $2,400,000 or best offer!
- Building 2 is 5 self-clean bay car wash units.
- Great potential unfinished 2nd and 3rd floor building 3.
Executive Summary
Multi-use investment property with three separate buildings with total of 18,000 square feet. Building one is a 2 bay Mark VII 24/7 self-automated touchless car wash available for lease,3-5 years at $5,000 / month. Building 2 is 5 15X25 self-clean bay car wash units available for lease at $1,500 / month . Building 3 is 4 16X45 industrial bay units available for lease at $1,800 / month.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$404,548
|
$22.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$404,548
|
$22.55
|
| Taxes |
$25,099
|
$1.40
|
| Operating Expenses |
$48,785
|
$2.72
|
| Total Expenses |
$73,883
|
$4.12
|
| Net Operating Income |
$330,664
|
$18.43
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $404,548 |
| Annual Per SF | $22.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $404,548 |
| Annual Per SF | $22.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,099 |
| Annual Per SF | $1.40 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $48,785 |
| Annual Per SF | $2.72 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $73,883 |
| Annual Per SF | $4.12 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $330,664 |
| Annual Per SF | $18.43 |
Property Facts
| Price | $3,371,232 CAD | Lot Size | 0.54 AC |
| Price Per SF | $188 CAD | Building Size | 17,942 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built | 2007 |
| Property Subtype | Car Wash | Parking Ratio | 2.23/1,000 SF |
| Building Class | C |
| Price | $3,371,232 CAD |
| Price Per SF | $188 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 17,942 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Parking Ratio | 2.23/1,000 SF |
PROPERTY TAXES
| Parcel Number | LOWE-000086-004085-001317 | Total Assessment | $1,023,394 CAD (2024) |
| Land Assessment | $266,208 CAD (2024) | Annual Taxes | $25,099 CAD ($1.40 CAD/SF) |
| Improvements Assessment | $757,186 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
LOWE-000086-004085-001317
Land Assessment
$266,208 CAD (2024)
Improvements Assessment
$757,186 CAD (2024)
Total Assessment
$1,023,394 CAD (2024)
Annual Taxes
$25,099 CAD ($1.40 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | LI (Light Industrial with Special Permitting for Retail - 24 hours of operation & Restaurant/Retail, and Car Wash) |
| LI (Light Industrial with Special Permitting for Retail - 24 hours of operation & Restaurant/Retail, and Car Wash) |
-
Tom Courtney -
LAER Realty Partners
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1317 Middlesex St - Very Active Busy Car Wash For Sale
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