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711 Saybrook Rd - Reflections Car Wash 3,100 SF Specialty Building Offered at $700,000 at a 12.88% Cap Rate in Middletown, CT 06457
Investment Highlights
- Prime Corner Location: Hard-corner site on ±0.5 acres with strong access and ±8,300 VPD for consistent visibility.
- Value-Add Upside: Potential to add an automatic bay and launch a membership program to increase revenue.
- Strong Financials: $91K 2024 NOI with ~$89K projected in 2025 at a $700K list price.
- Growing Trade Area: Expanding Middletown corridor with rising residential density and strong plaza-driven cross-traffic.
- Modern Equipment: Equipped with a 2015 Belanger Saber touchless system and updated self-serve bays.
- Established Operation: 21-year operating history with no on-site employees, demonstrating efficiency and scalability.
Executive Summary
Broker of Record
Kyle Matthews
License # REB.0790986 (CT)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # REB.0790986 (CT)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $700,000 | Building Class | C |
| Price Per SF | $225.81 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 3,100 SF |
| Cap Rate | 12.88% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2005 |
| Property Subtype | Car Wash | ||
| Zoning | B-2 - General Business | ||
| Price | $700,000 |
| Price Per SF | $225.81 |
| Sale Type | Investment |
| Cap Rate | 12.88% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 3,100 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Zoning | B-2 - General Business |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | MTWN-000043-000000-000412 | Improvements Assessment | $1,637,130 |
| Land Assessment | $998,620 | Total Assessment | $2,635,750 |
Property Taxes
Parcel Number
MTWN-000043-000000-000412
Land Assessment
$998,620
Improvements Assessment
$1,637,130
Total Assessment
$2,635,750
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