Key West Car Wash - Nokomis

Retail-Commercial for Sale
Catylist Listing ID: 30445810
Property Subtypes: Car Wash, Retail-Pad, Street Retail
Building Size (RSF): 3,089 SF
Gross Land Area: 37,432 SF
Sale Price: $1,295,000
Unit Price: $419.23 PSF
Property Use Type: Business
Building Name: Key West Car Wash
Usable Size (USF): 3,089 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2019

Overview / Comments

High traffic site with an average of 43,000 cars a day passing this location. The opportunity includes 5 self serve bays, and 1 automatic bay. 4 standard vacuums, 1 shampoo vacuum and 1 fragrance vacuum (6 total). In 2019 all CAT (bay) pump interiors were replaced and rebuilt . Updated end of 2018 with brand new, state of the art, automatic, vacuums, RO system, exterior paint, illuminated concrete sign. Updated end of 2017 with brand new LED lighting throughout entire facility. Updated mid 2015 with brand new computer, teller, all bay and vacuum electronics, card readers and signage.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,281 (Annual)
Gross Operating Income $200,000 (Annual)
Net Operating Income $135,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota
Tax ID/APN: 0170100011
Zoning: CG
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Located Between: Sarasota and Venice
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail
Feet of Frontage: 194
Airports: Sarasota Bradenton International Airport
Site Description: Fully Developed site
Area Description: Residential and Business district.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2000
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Concrete
Zoning Description: CG- General Commercial Zoning
Lot Frontage: 194
Lot Depth: 187
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities, Other
Easements Description: Billboard Sign
Land Ownership: Fee Simple
Legal Description: BEG SE COR OF LOT 24, NOKOMIS OAKS, TH N 72-19-41 E 184.55 FT TO WLY LINE OF TAMIAMI TRL TH N 29-38-13 W 193.74 FT TH NWLY 191.84 TH S 29-38-17 E 220.9 FT TO POB, SUBJ TO 2,778 SF UTILITY ESMT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,293 31,345 58,775
Median Age: 57.39 62.46 61.38
Households: 1,186 16,411 30,269
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