Tunnel Car Wash in designated Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30453722
Property Subtypes: Car Wash, Other
Building Size (RSF): 2,004 SF
Gross Land Area: 1.56 Acres
Sale Price: $695,000
Unit Price: $346.81 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Hurricane Xpress Car Wash
Usable Size (USF): 2,004 SF
Sale Terms: Cash to Seller
Last Updated: 10/15/2019

Overview / Comments

Alliance Real Estate is pleased to present Hurricane Xpress, in Milton, Florida. Property is located in a designated Opportunity Zone. This fully automated tunnel car wash features updated cleaning systems, tunnel lighting, which attract customers, and a new ground well pump, installed to reduce utility expenses and economizes operating expenses.

Highlights:

-$54,000+ gross income in just 3 months (April/May/June)
-Eight industrial car wash vacuums
-Updated Equipment - New LED Sign not yet installed - potential to reduce power bill.
-Brand new well pump installed but not connected - $1,000+ potential savings per month on water bill.
-10 Camera security system with remote access
- Payment portal provides instant and historical reports - wash count, ave price per wash etc.
-Coin Converter turns cash into tokens for Vacuums and Car Wash
-8 Commercial Vacuum stations
-Clean and well maintained location
-1,000 sf metal building in excellent condition - includes restroom.
-1.56 acres - add long term storage or develop.
-Turn key business - collect cash income on day one.
- Current owner employs two but business does not require on site personnel.
-Excellent location - 14k+ daily traffic and easy ingress/egress.
-Opportunity Zone
- 15%+ cap rate potential.. Priced to sell!

An NDA is required with request for financials.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 03-1N-28-0000-00601-0000
Zoning: C-1
Retail Clientele: General
Property Located Between: Caroline St. and Berryhill Rd.
Property Visibility: Excellent
Largest Nearby Street: Stewart Street
Feet of Frontage: 100
Traffic/Vehicle Count: 16,300
Highway Access: Less than 1/4 Mile from I-90
Airports: PNS
Site Description: Site Highlights: Coming Soon
Area Description: Coming Soon
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 1,000 SF
Property Condition: Excellent
Year Built: 2006
Year Renovated: 2011
Construction/Siding: Steel Frame
Exterior Description: Automatic Car Wash Tunnel Design.
Total Parking Spaces: 12
Parking Type: Surface, Other
Parking Description: 8 spaces dedicated for car vacuum. 1 handicap space 1 long bed or RV parking space 2-4 more unmarked spaces 1+ acres of unpaved may provide up to 50-150 additional spaces.
Sprinklers: Other
Heat Type: Electricity
Heat Source: Other
Air Conditioning: Other
Internet Access: Fiber Optic
Zoning Description: C-1 Commercial
Lot Frontage: 97
Lot Depth: 554
Water Service: Well
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: COM SW COR TH N 2657 FT TH N 8 9*48'00" E 825.64 FT TO POB TH CONT 492.46 FT TH N 159.98 FT TH S 89*57'18' W 72.08 FT TH S 76*50'38" W 165.83 FT TH S 89*21'26" W 103.35 FT TH S 89*48'06" W 154.81 FT TH S 122 .18 FT TO POB & ALSO BEG SW COR OF LT 4 BLK 71 TOWN OF MIL TON TH S 89*58'41" E 47.26 FT TO WLY R/W OF STEWART ST TH AL ONG CURVE TO LEFT 96.79 FT TH S 89*57'18" W 53.63 FT TH S 96.54 FT TO POB AS DES IN OR 1785 PG 864 & OR 3086 PGS 1711 & 1713

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,531 24,310 38,804
Median Age: 36.25 38.7 38.1
Households: 1,868 9,561 15,083

Contact

Photograph of Listing Agent

Omar Walter Nagi

Alliance Real Estate Gulf Coast CMLS Member
Photograph of Listing Agent

David P Wu

Alliance Real Estate Gulf Coast CMLS Member
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