Investment property - Car Wash and Vacant Land for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30210146
Property Subtypes: Car Wash
Building Size (RSF): 24,651 SF
Gross Building Area: 39,783 SF
Gross Land Area: 24,651 - 39,783 SF
Sale Price: $424,000
Unit Price: $17.20 PSF
Property Use Type: Investment
Building Name: Sudsy's Car Wash and Vacant Land
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 6/3/2018

Overview / Comments

24,651 Sq. Ft. improved site includes a car wash - PLUS an additional 15,131 SQ. FT. of vacant land. Total of 39,783 Sq. Ft.of land with 271 feet of frontage.

The car wash has five coin-operated vacuum stations, four coin-operated manual operated car wash stations, one touch-free automatic car wash station, and six various coin-operated dispensing car cleaning products.

2017 Net Operating Income:
$75,080 Gross Income
$42,614 Operating Expenses
$32,466 NOI

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Charles
Submarket/Township: St Charles Parish
Taxing Authority: St. Charles Parish
Tax ID/APN: 55010110000P
Retail Clientele: General
Property Located Between: Airline Highway and River Road
Property Visibility: Excellent
Largest Nearby Street: Airline Highway
Feet of Frontage: 271
Highway Access: Easy access to Airline Highway and River Road
Airports: MSY
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Sprinklers: None
Lot Frontage: 271.40
Lot Depth: 146.79
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,371 24,669 117,319
Median Age: 30.66 33.74 37.86
Households: 940 8,401 43,499


Photograph of Listing Agent

Blaine Gahagan

HGI Realty Metairie, LA 70006
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.