1012 Hospital Dr - Car Washes FOR SALE


Batavia, OH 45103
$1,395,000 USD
513-618-2823
1012 Hospital Dr, Batavia, OH for Sale
$1,395,000 USD
Car Washes - FOR SALE
1/28
null | 10.44% Cap Rate

NEW


1012 Hospital Dr
Batavia, OH 45103


OVERVIEW

Batavia Car Wash & Quick Lube – High performing, turnkey operation sits on 0.91 acres and consists of a 5-bay Car Wash (2,800 SF with 2 auto bays & 3 self serve), a vacant Quick Lube building (1,408 SF with 2 bay pits with scissor lifts), and a Storage Barn (1,170 SF). The Car Wash building was completely rebuilt in 2016, including all associated equipment and mechanical systems. Consistent operating history, offering a solid opportunity for both investors and owner-operators to generate increased revenue and profitability. See the Offering Memorandum for more offering details and financial results. Investment Upside Potential • Quick Lube—This building is currently vacant and available for a new owner/occupant or additional income stream with a new tenant, includes two (2) bay pits and two (2) scissor lifts. See Pro Forma for a conservative estimate of market rent potential. • Storage Barn—This onsite storage building can be used for excess storage of parts for the Car Wash and/or Quick Lube and has the potential to serve as additional storage/operations for another new onsite tenant. Car lift included—available for use by Quick Lube. Operational Highlights • Five (5) bay car wash, includes additional revenue streams via vacuums and vending options. *Two (2) automatic bays—Touchless and Soft-Touch *Three (3) self-serve bays *Car Wash building was completely re-built in 2016, including all associated equipment and mechanical systems. • Consistent operating history, offering a solid opportunity for both investors and owner-operators to generate increased revenue and profitability. See the P&L for details on top-line & bottom line growth. • Continued revenue growth can be realized via technology/kiosk upgrades, membership programs to enhance customer retention, and continued price increases to meet market demand. • Frontage along Hospital Drive, near the Bauer Rd exit at State Route 32, generating consistent customer flow via several nearby traffic-generators including Mercy Clermont Hospital...one of the region’s largest intensive care units, a dedicated wound care center, 24/7 emergency care, pulmonology care unit, orthopedic and spine care and surgical services. • County water/sewer, Duke electric/gas, and Rumpke trash collection. • Easily accessible, highly visible, and well-maintained site. • Near McDonalds, Chipotle (new), Biggby Coffee (new), Dairy Queen, UDF, Marathon Gas, Arby’s, Burger King, and many others. Submarket Highlights • High demand and favorable age & income demographic profile, with consistent population growth and household income in recent years resulting from a thriving local economy via several economic drivers and new job creation. • Immediate area is seeing strong commercial and residential development in the surrounding submarkets along SR 32 (Batavia, Mount Orab, Williamsburg). • The Eastern Corridor Project along SR 32 has significantly impacted Clermont County, enhancing connectivity and reducing congestion in the region. • $550 million Nestlé Purina PetCare plant in Williamsburg Township (https://www.bizjournals.com/cincinnati/news/2024/09/19/photos-nestle-purina-pet-food-plant-clermont-build.html) • Continued investment and expansion of the Nestlé Purina campus (https://www.bizjournals.com/cincinnati/news/2024/09/19/clermont-jobsoh-eastern-cincinnati-innovation-park.html)

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

10.44%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Batavia Car Wash & Quick Lube

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

B-2

APN/PARCEL ID

01-20-11C-001

ASK ABOUT THIS PROPERTY

Mike BastinColdwell Banker Commercial Reliant RealtyMore Info
513-618-2823

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mike BastinColdwell Banker Commercial Reliant RealtyMore Info
513-618-2823

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.