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31425 US Highway 19 N

2,488 SF Specialty Building Offered at $5,618,720 CAD at a 8.98% Cap Rate in Palm Harbor, FL 34684

Investment Highlights

  • Cash in on stable income streams at 31425 US Highway 19, a high-performing car wash delivering over $1,700,000 in gross sales.
  • Ideally positioned near a heavily visited corner at US Highway 19 N and Bilgore Grove Boulevard N, seen by over 74,000 cars daily.
  • Savvy operators can take advantage of a subscription service that provides consistent revenue streams throughout the year.
  • Located in a densely populated community of 192,000 residents within five miles, boasting an average household income of over $85,000 a year.

Executive Summary

Discover a cash-flowing opportunity at 31425 US Highway 19 N, a subscription-based car wash perfectly positioned in a highly trafficked location. The 2,488-square-foot car wash and quick lube can also provide oil changes, detailing, upholstery cleaning, window tinting, and light mechanic services, providing a variety of consistent revenue streams. Savvy investors and operators can cash in on those services to the tune of $1,700,000 in gross sales, as was the case in 2021, which offers an estimated four-year breakeven point based on the current price of the car wash.

The property is located at a highly trafficked location with frontage and easy ingress points on US Highway 19 N, a site that sees over 74,000 vehicles pass by daily. Additionally, the sale includes all land, improvements, and goodwill associated with the business, fixtures, furniture, and equipment, making for an easy transition for buyers. 31425 US Highway 19 N is in a densely populated community of 192,000 residents within five miles, boasting an average household income of over $85,000 annually. The mix of a cash-flowing business in a desirable and highly trafficked location makes 31425 US Highway 19 N the ideal opportunity for a variety of investors.

Property Facts

Price $5,618,720 CAD
Price Per SF $2,258 CAD
Sale Type Investment or Owner User
Cap Rate 8.98%
Sale Conditions Business Value Included
Property Type Specialty
Property Subtype Car Wash
Building Class C
Lot Size 1.00 AC
Building Size 2,488 SF
No. Stories 1
Year Built 1988
Tenancy Single
Parking Ratio 2.01/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-28-16-00000-430-0800
Land Assessment
$632,921 CAD
Improvements Assessment
$730,519 CAD
Total Assessment
$1,363,440 CAD

zoning

Zoning Code CP-1
CP-1
  • Listing ID: 26302651

  • Date on Market: 2022-08-01

  • Last Updated:

  • Address: 31425 US Highway 19 N, Palm Harbor, FL 34684

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