Car Wash Convenience, Northeast Region

Additional Loan Info

There's an assumable mortgage on the property of $1.9MM at 7 1/4%

Property Description

One of the fastest growing areas in the County with a median income of $53,000 making it the wealthiest county in the state. The Township is apprx. 25 miles from Center City. Over 40,000 slow moving vehicles pass throgh and stop at the light in front of the property

This corner property on a parcel of +/-31,842 SF is located on the "Golden Mile" of a heavily travelled Route. It consists of a +/- 4,000 SF building with a Convenience Store and Mini Lube. Gas Station has a metal canopy with a Liberty sign. (will be deliverd unbranded). 3 fiberglass 10,000 gal fuel tanks, 1 steel 4,000 gal kerosene tank, 1 steel 4,000 gal diesel tank, several fuel dispensers, vacum, air, vapor recovery and tank monitoring system. A 90 foot exterior conveyor car wash. Completely new state of the art equipment All stainless steel. All new ICS equipment and auto cashiers. You can process 120 cars per hour with one employee. 120 hp aero dry blowers. On line tire shine machine. Galvanized conveyor. Entire car wash gutted, all new electric, all new copper plumbing. New walls, and ceiling replaced with extrutect plastic. All brand new lifts, pumps, tank lines, installed by Penzoil. State of the art SAGE quick lube touch screen computer Brand new VEEDER ROOT tank monitoring system Brand new POS RUBY System Close to $5MM in total gross revenue. Appraised for $3.7MM.

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