4800 Babcock StPalm Bay, FL 32905

Exceptional investment opportunity: a fully operational car wash in Palm Bay, Florida, listed at $1,600,000. This 0.82-acre property (APN: 28-37-21-75-1693-1, 28-37-21-75-1693-2), located at 4800 & 4812 Babcock St NE, 32905, boasts a 100% occupancy rate and a projected NOI of $178,200, resulting in an attractive pro-forma cap rate of 11.00%. The property is zoned CC and presents significant potential for continued operation as a successful car wash business, given its prime location on a busy street in a growing retail area. Alternatively, the property's size and location offer redevelopment opportunities for investors seeking to capitalize on the area's commercial growth. This turnkey operation provides immediate income and long-term growth potential in a thriving Florida market. The property's strong performance metrics and strategic location make it an ideal acquisition for both experienced and emerging investors seeking a high-return investment in the commercial real estate sector. Serious inquiries only.