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16 Main St - Operating car washes with major road frontage 3,650 SF Specialty Building Offered at $1,195,000 at a 12.50% Cap Rate in Farmington, AR 72730
INVESTMENT HIGHLIGHTS
- Operating car wash
- Security system in place
- Major Road Frontage
EXECUTIVE SUMMARY
Operating car wash at 16 W Main in Farmington. Manual wand bays and auto bays, vacuum stations and fragrance machines. Has coin, bill, and credit card swipe payment methods. Security system in place. Needs minimal oversite and there are lots of ways to bring up the gross income with more credit card swipers, vending machines, etc. Net income avg $147,500, 12.5% CAP rate. More detailed financials can be provided to pre-qualified buyers.
PROPERTY FACTS
| Price | $1,195,000 | Property Subtype | Car Wash |
| Price Per SF | $327.40 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 12.50% | Building Size | 3,650 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2010 |
| Zoning | Commercial | ||
| Price | $1,195,000 |
| Price Per SF | $327.40 |
| Sale Type | Investment |
| Cap Rate | 12.50% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 3,650 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Zoning | Commercial |
ABOUT 16 MAIN ST , FARMINGTON, AR 72730
Operating car wash at 16 W Main in Farmington. Manual wand bays and auto bays, vacuum stations and fragrance machines. Has coin, bill, and credit card swipe payment methods. Security system in place. Needs minimal oversite and there are lots of ways to bring up the gross income with more credit card swipers, vending machines, etc. Net income avg $147,500, 12.5% CAP rate. More detailed financials can be provided to pre-qualified buyers. MLS 1315479
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PROPERTY TAXES
| Parcel Number | 760-01552-002 | Improvements Assessment | $53,110 |
| Land Assessment | $28,750 | Total Assessment | $81,860 |
PROPERTY TAXES
Parcel Number
760-01552-002
Land Assessment
$28,750
Improvements Assessment
$53,110
Total Assessment
$81,860
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16 Main St - Operating car washes with major road frontage
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