2521 Williams Highway, Grants Pass, OR 97527
sale
$645,000
|
Other
Courtesy Of RE/MAX Ideal Brokers Medford, Inc.
Well-established coin-operated self-service car wash operating at this location for nearly 30 years. One of only two existing self-service coin car washes in Grants Pass and the only one south of the Rogue River. High-visibility Williams Hwy location with traffic counts approaching 30,000 vehicles per day. Sale includes real estate, improvements, and all FF&E. Major operating equipment was replaced in 2020 as part of approximately $250,000 in capital improvements. Seller/operator will remain under a new 5-year lease with one 5-year renewal option, providing an approximate 5.77% in-place cap rate. Lease also provides expansion rights for a proposed kiosk at $1,200/month additional rent once approved and operational, increasing potential cap rate to approximately 8.00%. C-3 zoning on approximately 0.82 acres.
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Property Features
- Age: 41-50 Years Old
- Amenities: Security System
- Building Units: 1
- Exterior Type: Brick
- Exterior Type: Frame
- Exterior Type: Block
- Floor Covering: Concrete
- Floors: 1
- MLSID: 220228985
- Roof Type: Metal
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