3331 Broadway - AUCTION. High Cap Rate Car Wash Grove City OH
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3331 Broadway - AUCTION. High Cap Rate Car Wash Grove City OH
2,009 SF Specialty Building Offered at $1,309,754 CAD at a 10% Cap Rate in Grove City, OH 43123
INVESTMENT HIGHLIGHTS
- Cash producing two bay touchless carwash.
- Newly installed Laser Wash 360 Plus systems.
- Built in 2004 and renovated in 2022.
- Cap rate currently at 9.75% and a cash yield of 8.9%.
- High traffic counts with over 23,227 vehicles per day on Broadway (US Route 62)
- Located in an Opportunity Zone
EXECUTIVE SUMMARY
FRE Auctions is pleased to present the Online Auction Plus® Event (allows for contingencies) for this Turn-Key Cash Producing Carwash situated on 0.43 Acres in Grove City, Ohio (a suburb of Columbus). FRE.com/501D6
Location Information:
Grove City is a suburb of Columbus, Ohio. Located approximately eight miles southwest of downtown Columbus, it offers residents a blend of suburban living with easy access to the amenities of the larger city. Grove City has a population of around 42,757 and features a variety of parks, schools, and local businesses, making it an attractive place for families and young professionals alike. The city is well-connected by major roadways, including I-71 and I-270, facilitating convenient commutes to Columbus and surrounding areas.
Columbus has been one of the fastest-growing cities in the U.S., driven by its strong job market, quality of life, and vibrant cultural scene. The city’s growth is fueled by both domestic migration and international newcomers, contributing to its expanding urban footprint and revitalized neighborhoods.
Location Information:
Grove City is a suburb of Columbus, Ohio. Located approximately eight miles southwest of downtown Columbus, it offers residents a blend of suburban living with easy access to the amenities of the larger city. Grove City has a population of around 42,757 and features a variety of parks, schools, and local businesses, making it an attractive place for families and young professionals alike. The city is well-connected by major roadways, including I-71 and I-270, facilitating convenient commutes to Columbus and surrounding areas.
Columbus has been one of the fastest-growing cities in the U.S., driven by its strong job market, quality of life, and vibrant cultural scene. The city’s growth is fueled by both domestic migration and international newcomers, contributing to its expanding urban footprint and revitalized neighborhoods.
PROPERTY FACTS
| Price | $1,309,754 CAD | Building Size | 2,009 SF |
| Price Per SF | $652 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2004 |
| Cap Rate | 10% | Tenancy | Single |
| Property Type | Specialty | Parking Ratio | 2.42/1,000 SF |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 4 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.15 AC |
| Price | $1,309,754 CAD |
| Price Per SF | $652 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 10% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 2,009 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| Tenancy | Single |
| Parking Ratio | 2.42/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $70,370 CAD | |
| Land Assessment | $44,872 CAD | Total Assessment | $115,242 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$44,872 CAD
Improvements Assessment
$70,370 CAD
Total Assessment
$115,242 CAD
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3331 Broadway - AUCTION. High Cap Rate Car Wash Grove City OH
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