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6546 NC-226 - Water Worx Car Wash/Laundrymat

3,200 SF Speciality Building Offered at £2,773,156 at a 7% Net Initial Yield in Spruce Pine, NC 28777

Investment Highlights

  • Established car wash and laundromat.
  • Car wash has 3 manual bays and 6 vacuum cleaner island.
  • Located off S 266 Hwy.

Executive Summary

Own 3 businesses in one! For sale: A thriving car wash, Laundromat and ice machine business. The car wash and laundromat are located in Spruce Pine, NC.

Property Facts

Price £2,773,156 Lot Size 2.00 AC
Price Per SF £867 Building Size 3,200 SF
Sale Type Investment Number of Floors 1
Net Initial Yield 7% Year Built 2013
Sale Conditions Business Value Included Cross Streets Penland road
Property Type Speciality Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Car Wash
Price £2,773,156
Price Per SF £867
Sale Type Investment
Net Initial Yield 7%
Sale Conditions Business Value Included
Property Type Speciality
Property Subtype Car Wash
Lot Size 2.00 AC
Building Size 3,200 SF
Number of Floors 1
Year Built 2013
Cross Streets Penland road
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

About 6546 NC-226 , Spruce Pine, NC 28777

The car wash has a strong customer base and was built in 2013, with 2 automatic washes using D&S equipment one with a brush and the other side touches.The laundromat built on the same property was opened 1 year ago with a sales going up each month. Currently comes with 21 washers and 24 dryers, also includes a Vision Vending machine and a 2 bay dog wash that has a strong customer base. The 2 ice machines are located in Marion NC where outdoor activities has turned both machines into a thriving business. The business is currently cash flowing and on an upward trend. Contact listing agent for details and to visit the Properities.

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PROPERTY TAXES

Parcel Number 0881-00-04-4511L Improvements Assessment £413,596
Land Assessment £0 Total Assessment £413,596

PROPERTY TAXES

Parcel Number
0881-00-04-4511L
Land Assessment
£0
Improvements Assessment
£413,596
Total Assessment
£413,596
(828) 475-5870

Contact

  • Listing ID: 29217121

  • Date on Market: 08/08/2023

  • Last Updated:

  • Address: 6546 NC-226, Spruce Pine, NC 28777

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6546 NC-226 - Water Worx Car Wash/Laundrymat
(828) 475-5870 x

6546 NC-226 - Water Worx Car Wash/Laundrymat

Matt Buchanan

(828) 475-5870

(828) 475-5870

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