16436 Miles RdWarrensville Heights, OH 44128

For Sale
$2,950,000

Five Car Washes, High ROI, Cleveland Area

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional portfolio comprises five strategically located car washes in the Cleveland, Ohio area, specifically Warrensville Heights, Garfield Heights, and multiple locations in Cleveland. The portfolio includes a mix of touch-free automatic and self-serve facilities, offering diverse revenue streams. Situated on a combined 3.6 acres, these properties boast a strong track record, generating a pro-forma NOI of $510,000 and an attractive 9% capitalization rate. The asking price for this turnkey investment opportunity is $2,950,000. Individual car wash sales are also possible. Built between 1996 and 2011, these well-maintained properties present a compelling opportunity for investors seeking a stable, high-yield asset in a growing market. The portfolio includes addresses at 16436 Miles Rd, 13111 Broadway Ave, 8219 Broadway Ave, 9104 Union Ave, and 15313 Kinsman Rd, all within Cuyahoga County, Ohio, and encompassing a range of zip codes including 44105, 44120, 44125, and 44128. This portfolio represents a rare chance to acquire a diversified, established car wash business with significant upside potential.

Highlights

  • Portfolio of five car wash properties for sale in the Cleveland, OH area.
  • Self-serve and touchless automatic car washes.
  • Offered at $2,950,000.
  • Properties located at: 1311 Broadway, 8219 Broadway Ave, 15313 Kinsman Rd, 16436 Miles Rd, and 9104 Union Ave, all in Cleveland, OH.

Property Details for 16436 Miles Rd

Property type
Other specialty properties, Automotive properties
Lot Size (sq. ft)
156,816 SF

Location Insight

City
Warrensville Heights
County
Cuyahoga
State
Ohio
Latitude
41.437519
Longitude
-81.5551444
16436 Miles Rd, Warrensville Heights, Ohio

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16436 Miles Rd
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