JACK FLASH

Retail-Commercial for Sale
Distressed
Catylist Listing ID: 29853105
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 1,100 SF
Gross Land Area: 0.25 Acres
Sale Price: $320,000
Unit Price: $290.91 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 10/17/2017

Overview / Comments

The Jack Flash Car Washes are owned by a real estate investor, not a car wash operator. Many of our excess land inventory lots have automatic car washes on them, and we are liquidating all inventory of excess land holdings. The car wash machines were put onto our excess inventory lots as a way to generate some income to pay taxes and carry the land. You will notice that these washes are like vending machines in that there are no profit centers other than the actual wash (there is no vacuum, no vending, no hand wash, no sales, no employees, etc.). They were designed for comfort and security; the customer simply drives up, puts in the money, and never gets out of his or her car. While the car wash market for hand washes and other facets of the industry are doing well, the market for these high-end specialty washes has waned. These car washes need some new energy and creative thinking; they could be expanded on greatly, and therein lies an opportunity for the creative mind.

DIRECTIONS: Ashley River Rd S from Charleston. At the corner of Playground Rd and Ashley River Rd

LEASE INFO: OWNER OCCUPIED

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Tax ID/APN: 418-05-00-001
Site Description: LOT DIMENSIONS: 28 X 86
Area Description: Excellent Demographics, Signalized corner site in a high-traffic corridor in the Charleston MSA. Loads of rooftops and retail.
Year Built: 2003
Lot Frontage: 238
Lot Depth: 86

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,949 68,404 154,382
Median Age: 36.26 36.45 35.4
Households: 6,320 30,838 65,159
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