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587 Central Ave
Pawtucket, RI 02861
Specialty Property For Sale
·
6,721 SF
PROPERTY FACTS
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 1950 |
| Building Class | B | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 0.59 AC | No. Drive In / Grade-Level Doors | 6 |
| Building Size | 6,721 SF | ||
| Zoning | CG - Use Code 225 COM GARAGE/SHOP. Neighborhood CM3 PID 3961 | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 6,721 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.49/1,000 SF |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | CG - Use Code 225 COM GARAGE/SHOP. Neighborhood CM3 PID 3961 |
AMENITIES
- Bus Line
- Commuter Rail
- Signage
ABOUT 587 CENTRAL AVE , PAWTUCKET, RI 02861
Central Carwash has one of the largest indoor wash tunnels in New England (over 150 ft. long). Installing the latest equipment has resulted in a more efficient and effective operation. The owner has made substantial renovations to the carwash. Lot size is 25,542 and the masonry building constructed in 1950 features 6,721 sq. Ft with 12' ceilings inside and operates as a full-service car wash with a retail counter. The outdoor space features four, token-operated self-serve detail, vacuum stations, four 24/7 self-serve car wash bays, and vending machines - all providing additional cash flows 24/7. A full-service wash takes approximately 3.5 minutes to complete. In 2022, the full-service (inside operation) completed 39,715 washes averaging $22.48 per unit - with a Gross income of $893,180. Monthly cash flows range from the full-service interior wash are between $48,000 - 90,000, with an average monthly cash flow of $74,443. The outdoor 24/7 token-operated services bring in between $300-500 per day in cash. Financials, Bank records/tax returns provided to qualified buyers upon Proof of Funds.
