714-323-3200
2285 Newport Blvd, Costa Mesa, CA for Sale
Car Washes - FOR SALE
1/23
null | Request Cap Rate

Jan '25


2285 Newport Blvd
Costa Mesa, CA 92627


HIGHLIGHTS

  • Traffic Count: 176,481 Vehicles Per Day
  • 40 on-site parking spaces and two driveways
  • Option to continue operating the profitable car wash business which generates approximately $65,000 per month in revenue
  • Major visibility from 55 freeway and Newport Blvd
  • Tenants generate $11,700/month of rental income
  • 85 foot long car wash tunnel

OVERVIEW

The Taormina Real Estate Group is pleased to present 2285 Newport Blvd, a rare opportunity to acquire or redevelop a prime multi-tenant retail property on over an acre of land in the heart of Costa Mesa, CA. The property is currently anchored by a well-established car wash business, owned and operated by the seller. This business has been trusted in the community for nearly three decades. The buyer has the option to continue operating the profitable car wash business which generates approximately $65,000 per month in revenue. Alternatively, the buyer may elect to re-tenant/redevelop the site for a variety of uses. In addition to the anchor car wash business, the site also features rental income from four established tenants, including an auto dealer, auto repair shop, and other auto-related uses. These tenants collectively generate $11,700 per month in gross rental income. This is the first time this property has been offered for sale in many years, making it a rare opportunity for an investor or developer. CALL FOR PRICING GUIDANCE - DO NOT DISTURB OCCUPANTS.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Angel's Auto Spa

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C2, Costa Mesa

APN/PARCEL ID

419-101-13

ASK ABOUT THIS PROPERTY

Kacey TaorminaCompassMore Info
714-323-3200

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Kacey TaorminaCompassMore Info
714-323-3200

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