615 W Ray Rd | Gilbert, AZ 85233
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- LoopNet Team
615 W Ray Rd
Gilbert, AZ 85233
FRANKIE'S CAR WASH · Specialty Property For Sale
·
4,306 SF
INVESTMENT HIGHLIGHTS
- BELOW REPLACEMENT COSTS: Priced well below replacement costs for todays car wash construction/development costs
- GROWING MARKET: Projected 7.50% population growth over the next 5 years in a 1 & 3 mile radius of the site
- FLEXIBLE LEASE TERMS: Future upside as both detail and window tint tenants are on month-to-month leases
- TURNKEY OPERATIONS: Complete site renovation in 2023 with ~$600K in improvements
- MULTIPLE REVENUE STREAMS: Detail and window tint tenants in back produce additional site revenues
- AFFLUENT MARKET: Local household income averages $129K/yr in a 1-mile radius of the site
PROPERTY FACTS
| Property Type | Specialty | Building Size | 4,306 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Building Class | B | Year Built/Renovated | 2004/2023 |
| Lot Size | 1.73 AC | Parking Ratio | 2.79/1,000 SF |
| Zoning | C-C - C-C; Commercial, Full service car wash, detail, oil and lube, windows tinting, etc. | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.73 AC |
| Building Size | 4,306 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2004/2023 |
| Parking Ratio | 2.79/1,000 SF |
| Zoning | C-C - C-C; Commercial, Full service car wash, detail, oil and lube, windows tinting, etc. |
AMENITIES
- Bus Line
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 302-83-962 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $254,389 |
PROPERTY TAXES
Parcel Number
302-83-962
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$254,389
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