Car wash plus 51 self storage unites 2 Specialty Properties Offered at $785,000 in Emporia, KS

This property is easy to manage with minimal time investment. You could manage this property with 5 to 7 hours per week, or outsource property/rental management to a third party to reduce your operational time. The property has two stable and predictable sources of revenue. Sale includes car wash with five bays and 51 self-storage units in Emporia Kansas.
This property has a great location on 12th Street, in a high-traffic area. The property is located within blocks of Emporia State University and thriving downtown Emporia. Emporia, Kansas is a great place to invest.
Car wash consists of:
• Three covered self-serve bays with updated equipment
• One covered bay with automated car wash equipment
• One open self-serve bay for larger vehicles
All bays are equipped to accept credit cards or cash payments. Equipment for the self-serve bays is in great running order with strong water pressure and consistent upgrades/maintenance. Automated car-wash equipment was installed in 2012 and has performed well. The Jim Coleman Water Wizard is the premier in-bay automatic in the car wash industry. The automated weep system prevents freezing during winter months, ensuring smooth year-round operation.
Self-storage revenues are consistent and stable. There are 51 storage units in total. The first building was constructed in 1982 and includes 4,224 square feet. The second building was constructed in 1993 with 1,440 square feet. All doors in building one were replaced approximately three years ago.
The average rental length is approximately twelve years, resulting in a very low turnover rate of 10%. The time spent renting new units is minimal, as the property seldom has vacancies.