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West Coast Real Estate
2521 Williams Highway, Grants Pass, OR 97527
- $645,000
- List Price
- $645,000
- Status
- PENDING
- Days on Market
- 26
- MLS#
- 220228985
- Subtype
- Commercial Sale
- Year Built
- 1976
- Lot Size
- 35,719
- Acres
- 0.82
- Subdivision
- N/A
- Neighborhood
- N/A
Property Description
Well-established coin-operated self-service car wash operating at this location for nearly 30 years. One of only two existing self-service coin car washes in Grants Pass and the only one south of the Rogue River. High-visibility Williams Hwy location with traffic counts approaching 30,000 vehicles per day. Sale includes real estate, improvements, and all FF&E. Major operating equipment was replaced in 2020 as part of approximately $250,000 in capital improvements. Seller/operator will remain under a new 5-year lease with one 5-year renewal option, providing an approximate 5.77% in-place cap rate. Lease also provides expansion rights for a proposed kiosk at $1,200/month additional rent once approved and operational, increasing potential cap rate to approximately 8.00%. C-3 zoning on approximately 0.82 acres.
Additional Information
- Exterior Features
- RV Hookup
- Taxes
- $2,791
- Zoning
- Gc; General Comm
- Flooring
- Concrete
- Heating
- None
- Air Conditioning
- None
- Stories
- One
- Levels
- One
- Roof
- Metal
- Foundation
- Block, Slab
- Parking Features
- Asphalt, RV Access/Parking
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Listing courtesy of RE/MAX Integrity Grants Pass.
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