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666 Rodi Rd - Lumberjacks Car Wash | Penn Hills

2,314 SF Speciality Building Offered at £704,969 at a 16.12% Net Initial Yield in Penn Hills, PA 15235

Investment Highlights

  • (2) New Laserwash 360 Touch-less Automatics
  • New Roof
  • New Mechanicals
  • New Vending
  • New Stucco
  • Upgraded Pay stations

Executive Summary

SVN | Three Rivers Commercial Advisors is pleased to present Lumberjacks Carwash for Sale. This turn-key carwash features extensive capital expenditures over the past 12 months including, all new mechanicals and wash equipment, pay stations, vacuum cleaners, vending machines, airlift doors, lighting, security systems, plumbing, a new roof, building stucco, parking lot, and electric panels totaling approximately $500,000.00. Despite construction, repairs, and improvements resulting in approximately 4 weeks of lost operation the wash generated over 40% increase in gross sales and a 230% increase in NOI compared to 2021. Also included in the sale is approximately a 1yr supply of chemicals for the wash.

Property Facts

Price £704,969
Price Per SF £305
Sale Type Investment
Net Initial Yield 16.12%
Property Type Speciality
Property Subtype Car Wash
Building Class C
Lot Size 0.21 AC
Building Size 2,314 SF
Number of Floors 2
Year Built 1950
Parking Ratio 1.73/1,000 SF

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0451-K-00082-0000-00
Land Assessment
£44,443
Improvements Assessment
£241,229
Total Assessment
£285,673

zoning

Zoning Code MU
MU
  • Listing ID: 34059300

  • Date on Market: 02/06/2023

  • Last Updated:

  • Address: 666 Rodi Rd, Penn Hills, PA 15235

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