371 E Andrus Rd | Northwood, OH 43619
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371 E Andrus Rd
Northwood, OH 43619
CAR WASH, TWO-TENANT BUILDING & COIN LAUNDRY · Specialty Property For Sale
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5,256 SF
Investment Highlights
- MULTIPLE INCOME SOURCES – Property features Car Wash, Coin Laundry, and Ice Cream parlor allowing for single-unit investment diversification
- UNCAPPED REVENUES AND DEPRECIATION – Ice Cream parlor in turn-key condition ready for immediate occupancy.
- ENTREPRENEURIAL OPPORTUNITY – Low cost basis and immediate value-add opportunities allow new owner the chance to capitalize on missing income streams
- DOUBLE DIGIT CAP RATE – Passive Coin Laundry business, coupled with existing Real Estate priced well below replacement cost ($53 PSF)
- STRATEGIC LOCATION – Located directly between the bulk of residences on Toledo’s east side and the majority of workforce drivers
Property Facts
| Property Type | Specialty | Building Size | 5,256 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Building Class | B | Year Built | 1994 |
| Lot Size | 0.57 AC | Parking Ratio | 2.28/1,000 SF |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 5,256 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Parking Ratio | 2.28/1,000 SF |
Property Taxes
| Parcel Number | M50-812-310000018000 | Improvements Assessment | $31,150 |
| Land Assessment | $24,570 | Total Assessment | $55,720 |
Property Taxes
Parcel Number
M50-812-310000018000
Land Assessment
$24,570
Improvements Assessment
$31,150
Total Assessment
$55,720
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