Riverside Auto Wash - Express Car Wash
| Asking Price: | $5,500,000 |
| Cash Flow: | $600,000 |
HIGHLIGHTS
• Real Estate Included
• Last Twelve Months (LTM) Cash Flow Over $600,000 As of February 2024
• 115 FT Express Tunnel, 3 Self-Serve Bays, and 6 Ginsan Vacuums
• 150 +/- FT of Frontage Along Main Street
• Exposure to 18,500 +/- Vehicles Per Day
• No Express Tunnel Competition in Over 5-Mile Radius
• Large 21,600 +/- SF Lot with Potential for Expansion
DESCRIPTION
CommercialPlus, LLC is proud to present Riverside Autowash, located in Lowell, Michigan, part of the Grand Rapids metro area. Positioned off M-21 (Main Street) in the Downtown Lowell Historic District, the site has approximately 150 feet of frontage, providing high visibility and direct access to over 18,500 vehicles daily. The surrounding area includes retail businesses and quick-serve restaurants, with a Taco Bell adjacent to the property. Riverside Autowash features a 115-foot express tunnel with a mix of Belanger and Motor City equipment, three self-service bays, and six coin/cash-operated Ginsan vacuums. Management also owns an adjacent lot with plans to expand operations to include a central vacuum system.
BUSINESS LOCATION
