29100 7 Mile Rd - Car Washes FOR SALE


Livonia, MI 48152
$2,499,000 USD
248-538-2000
29100 7 Mile Rd, Livonia, MI for Sale
$2,499,000 USD
Car Washes - FOR SALE
1/3
null | Request Cap Rate

29100 7 Mile Rd
Livonia, MI 48152


HIGHLIGHTS

  • The site offers excellent visibility to just over 25,000 vehicles that travel by the site each day.
  • Established subscription model in place, which offers recurring revenue in addition to the large customer base that pays per wash.
  • Extraordinary value-add car wash opportunity that includes nine existing vacuums and room to expand on the existing property.

OVERVIEW

29100 7 Mile Road in Livonia, MMI is a 11,256 SF Hometown Car Wash location. The site offers excellent visibility to just over 25,000 vehicles that travel by the site each day. Many large national tenants are located within walking distance of the wash, such was Walmart, Petco, Advance Auto Parts, Planet Fitness, LA Fitness, Kohl's and many more. Hometown Car Wash is located in a densely populated area with 230,000 people with an average household income of $87,000 annually living within a five-mile radius of this site. Established subscription model in place, which offers recurring revenue in addition to the large customer base that pays per wash. Extraordinary value-add car wash opportunity that includes nine existing vacuums and room to expand on the existing property. Opportunity to acquire both Livonia and Westland Hometown Car Washes, contact broker for details.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hometown Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,322 SF

ZONING

C-1

APN/PARCEL ID

46-003-01-0415-007

ASK ABOUT THIS PROPERTY

Nicholas ShabaCMP Real Estate GroupMore Info
248-538-2000

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Nicholas ShabaCMP Real Estate GroupMore Info
248-538-2000

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