AUCTION. High Cap Rate, 3-Star Car Wash for Sale in Grove City, Ohio

Highlights:

• Cash producing two bay touchless carwash.
• Cap rate currently at 9.75% and a cash yield of 8.9%.
• Newly installed Laser Wash 360 Plus systems.
• High traffic counts with over 23,227 vehicles per day on Broadway (US Route 62)
• Built in 2004 and renovated in 2022.
• Located in an Opportunity Zone

Description:

FRE Auctions and JDS Real Estate Services, Inc in association with Bracket Real Estate, Inc are pleased to present the Online Auction Plus® Event (allows for contingencies) for this Turn-Key Cash Producing Carwash situated on 0.43 Acres in Grove City, Ohio (a suburb of Columbus). FRE.com/501D13

Location Information:
Grove City is a suburb of Columbus, Ohio. Located approximately eight miles southwest of downtown Columbus, it offers residents a blend of suburban living with easy access to the amenities of the larger city. Grove City has a population of around 42,757 and features a variety of parks, schools, and local businesses, making it an attractive place for families and young professionals alike. The city is well-connected by major roadways, including I-71 and I-270, facilitating convenient commutes to Columbus and surrounding areas.

Additional Car Wash for sale by same owner at 8756 Owenfield Dr. Powell, OH 43065. Details to come.

Columbus has been one of the fastest-growing cities in the U.S., driven by its strong job market, quality of life, and vibrant cultural scene. The city’s growth is fueled by both domestic migration and international newcomers, contributing to its expanding urban footprint and revitalized neighborhoods.

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