440 Williamsport Pike - Car Wash Investment/Redevelopment Opportunity
7,667 SF Specialty Building Offered at $2,150,000 USD at a 9.61% Cap Rate in Martinsburg, WV 25404
Investment Highlights
- Excellent Visibility
- High Traffic Counts
- Prominent Signage
- Hard Corner
- Turn-Key Car Wash
Executive Summary
Located in a prime location along Route 11, 440, 442 Williamsport Pike is a turn-key car wash offering 7,667 (+/-) square feet of space.
The subject property has excellent visibility at the intersection of Route 11 and Route 9. This is a generational investment and/or redevelopment opportunity at a high trafficked hard corner in rapidly growing Martinsburg.
This property is zoned within Mixed Use Commercial. This District blends residential, commercial, cultural, institutional, or entertainment uses into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections.
The front building offers one (1) touchless, automatic car wash bay, and six (6) self-service car wash bays. The back building offers a three minute "soft cloth" car wash, office space, and access to the storage/equipment room. The automatic car wash bays offer options including: Express Wash, Wheel Brite, Undercarriage Rinse, Triple Foam Wax, Clearcoat Sealer, Tire Shine, High Speed Air Dry, Undercarriage Wash, Tire Cleaner, Pre-Soak, Soap, Side Blasters, Tri-Foam, Rinse, Wax, Spot Free Rinse, and Dry. The property offers eight (8) total car wash bays. There are 11 vacuums, two fragrance machines and a shampoo/vacuum machine. A high pressure spray hose and foam brush is available at each self-service bay. Each self-service bay also offers large clamps for hanging car mats. All bays have lighting for after hours use.
The subject property has excellent visibility at the intersection of Route 11 and Route 9. This is a generational investment and/or redevelopment opportunity at a high trafficked hard corner in rapidly growing Martinsburg.
This property is zoned within Mixed Use Commercial. This District blends residential, commercial, cultural, institutional, or entertainment uses into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections.
The front building offers one (1) touchless, automatic car wash bay, and six (6) self-service car wash bays. The back building offers a three minute "soft cloth" car wash, office space, and access to the storage/equipment room. The automatic car wash bays offer options including: Express Wash, Wheel Brite, Undercarriage Rinse, Triple Foam Wax, Clearcoat Sealer, Tire Shine, High Speed Air Dry, Undercarriage Wash, Tire Cleaner, Pre-Soak, Soap, Side Blasters, Tri-Foam, Rinse, Wax, Spot Free Rinse, and Dry. The property offers eight (8) total car wash bays. There are 11 vacuums, two fragrance machines and a shampoo/vacuum machine. A high pressure spray hose and foam brush is available at each self-service bay. Each self-service bay also offers large clamps for hanging car mats. All bays have lighting for after hours use.
Property Facts
Price | $2,150,000 USD |
Price Per SF | $280 USD |
Sale Type | Investment |
Cap Rate | 9.61% |
Property Type | Specialty |
Property Subtype | Car Wash |
Lot Size | 2.21 AC |
Building Size | 7,667 SF |
No. Stories | 1 |
Year Built | 2006 |
Parking Ratio | 1.3/1,000 SF |
1 of 1
PROPERTY TAXES
Parcel Number | 02-06- 26-0002.0002 | Improvements Assessment | $184,980 USD |
Land Assessment | $376,800 USD | Total Assessment | $561,780 USD |
zoning
Zoning Code | MIXED USE COMMERCIAL (CITY LIMITS, ZONING / INSIDE, MIXED USE COMMERCIAL) |