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505 Cortez Rd W - Blue Dolphin Car Wash 6,872 SF Specialty Building Offered at $3,534,253 in Bradenton, FL 34207
Investment Highlights
- Established Car Wash Business + Fee Simple Real Estate Acquisition
- Very Low-Labor, Absentee-Friendly Ownership Model with Multiple Revenue Streams
- $359,787 Annual Net Income at a 10.2% EBITDA Yield
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire Car Wash On 5th, an established full-service car wash and professional detailing business, along with the underlying fee simple real estate at 505 Cortez Road West in Bradenton, Florida. The ±3,910-square-foot facility sits on a ±0.53-acre signalized corner lot and generates $359,787 in annual net income at a 10.2% EBITDA yield on the $3,534,253 acquisition price. The business operates multiple automotive revenue streams with very low labor requirements, supporting absentee or semi-absentee ownership. The acquisition may qualify for 100% bonus depreciation, providing significant tax advantages for qualified buyers.
The property occupies a high-visibility corner along Cortez Road West (State Road 684, ±41,234 VPD), one of Bradenton's primary commercial corridors, with immediate proximity to Cortez Plaza (Sprouts, Chick-fil-A, PetSmart), Cortez East Shopping Center (Ross, Five Below, Michaels), and Centre Point Commons (Lowe's, Dick's, Best Buy). The 5-mile trade area holds 200,443 residents with an average household income of $93,833, and nearby institutions include State College of Florida, Manatee-Sarasota (11,000+ enrollment), Manatee Memorial Hospital (295 beds), and HCA Florida Blake Hospital (383 beds). The property sits within the North Port-Bradenton-Sarasota MSA, home to 940,822 residents with an average household income of $135,139, one of Florida's fastest-growing commercial and residential markets with direct connectivity via Interstate 75 and U.S. Highway 41.
The property occupies a high-visibility corner along Cortez Road West (State Road 684, ±41,234 VPD), one of Bradenton's primary commercial corridors, with immediate proximity to Cortez Plaza (Sprouts, Chick-fil-A, PetSmart), Cortez East Shopping Center (Ross, Five Below, Michaels), and Centre Point Commons (Lowe's, Dick's, Best Buy). The 5-mile trade area holds 200,443 residents with an average household income of $93,833, and nearby institutions include State College of Florida, Manatee-Sarasota (11,000+ enrollment), Manatee Memorial Hospital (295 beds), and HCA Florida Blake Hospital (383 beds). The property sits within the North Port-Bradenton-Sarasota MSA, home to 940,822 residents with an average household income of $135,139, one of Florida's fastest-growing commercial and residential markets with direct connectivity via Interstate 75 and U.S. Highway 41.
Property Facts
| Price | $3,534,253 | Lot Size | 0.53 AC |
| Price Per SF | $514.30 | Building Size | 6,872 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1971 |
| Property Subtype | Car Wash | Parking Ratio | 0.74/1,000 SF |
| Building Class | C | ||
| Zoning | C1 | ||
| Price | $3,534,253 |
| Price Per SF | $514.30 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 6,872 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | C1 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 53427-1020-8 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $495,316 |
Property Taxes
Parcel Number
53427-1020-8
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$495,316
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