REDUCED - South Tampa Car Wash

Retail-Commercial for Sale
Catylist Listing ID: 30029425
Property Subtypes: Car Wash, Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 2,234 SF
Gross Building Area: See Agent
Gross Land Area: 23,845 SF
Sale Price: $1,450,000
Unit Price: $649.06 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 11/23/2017

Overview / Comments

South Tampa Car Wash - well maintained - strong cash flow - substantial value in the land - lighted corner - high traffic count - 46,000 VPD - 2005 construction - site includes additional 8,000 s.f. parcel that can be developed for office/retail/car wash expansion - with City of Tampa site plan approval - high barriers to entry - limited competition in close proximity to the subject property - 11.7% CAP rate based upon 2016 Income and actual expenses. Financial data available upon execution of an NDA.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough
Tax ID/APN: 124703.0000
Retail Clientele: Family
Property Visibility: Excellent
Largest Nearby Street: Manhattan
Feet of Frontage: 250
Traffic/Vehicle Count: 46,000
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2005

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,261 89,149 164,319
Median Age: 40.69 39.69 37.56
Households: 8,823 41,540 73,629
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