Contacts
LFC Marketing Services, Inc.
Auction Specialist
Property Details
- Property Type Special Purpose
- Property Size 2,009 SF
- Lot Size 0.43 Acre
- Cap Rate % 10
- # of Floors 1
- Property Tenancy Single Tenant
- Year Built 2004
- Year Renovated 2022
- Date Updated Jan 23, 2025
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/501D21
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.
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. As of 2024, Columbus boasts a population of approximately 920,000 residents, making it Ohio's largest city and 14th largest in the US. The city has a robust economy with a GDP exceeding $60 billion.
Reach out to the broker for more info on lease terms and amenities
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.
- Built in 2004 and renovated in 2022.
- High traffic counts with over 23,227 vehicles per day on Broadway (US Route 62)
- Located in an Opportunity Zone
Getting around
-
53/100
Walk Score ®
-
50/100
Bike Score ®
Location
- City Grove City, OH
- Zip Code 43123
- Market Columbus
Points of Interest
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Speedway
0.32 miles
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UDF Fuel
0.37 miles
-
Shell
0.39 miles
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Turkey Hill
0.79 miles
-
BP
1.25 miles
-
Sunoco
1.39 miles
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Tesla Supercharger
1.63 miles
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GetGo
1.66 miles
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Grove City Park & Ride
1.54 miles
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bus parking
4.00 miles
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Broad & Southampton Park & Ride
4.03 miles
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City of Columbus Impound Lot
4.16 miles
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Great Southern Park & Ride
4.33 miles
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Westwoods Park & Ride
5.12 miles
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Lot 37E
5.62 miles
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Two Miranova Place Parking Garage
5.71 miles
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Gravity Parking 2
5.74 miles
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Star City Inn & Suites Motel
0.36 miles
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WoodSpring Suites Columbus Urbancrest
0.69 miles
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Motel 6 Grove City
1.89 miles
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Value Inn
1.90 miles
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Comfort Suites
1.94 miles
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Travelodge Grove City / So. Columbus
1.94 miles
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Comfort Inn
1.99 miles
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Days Inn Grove City Columbus South
2.04 miles
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Holiday Inn Express & Suites Grove City
2.13 miles
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Red Roof Inn Columbus/Grove City
2.15 miles
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Kroger
1.15 miles
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ALDI
1.34 miles
-
Giant Eagle
1.73 miles
-
TJ Maxx
2.43 miles
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Walmart Supercenter
2.52 miles
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Kohl's
2.65 miles
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Target
2.72 miles
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Gordon Food Service
2.73 miles
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Family Dollar
2.90 miles
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Brookshire Foodliner
2.97 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
LFC Marketing Services, Inc.
Auction Specialist
