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1463 Prospect St - Prospect Auto Spa 5,000 SF Specialty Building Offered at $2,617,360 CAD at a 7% Cap Rate in Ewing, NJ 08638
INVESTMENT HIGHLIGHTS
- Building 5,781 SF on 1.2 acres
- Car Wash operating at this site for 55 years.
- 140 Foot Tunnel.
- Property taxes $35,876, paid by the tenant.
- Newly renovated exterior (2019).
- Densely populated area - 152,000 population within 3 miles.
EXECUTIVE SUMMARY
Offering the Bonus Depreciation Eligible: Everything except the land value is eligible for 100% bonus depreciation in the first year. Carwash operator will use some of the proceeds to upgrade all equipment and signage.
PROPERTY FACTS
| Price | $2,617,360 CAD | Building Class | C |
| Price Per SF | $523.47 CAD | Lot Size | 1.34 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1970 |
| Property Subtype | Car Wash | Parking Ratio | 4/1,000 SF |
| Zoning | BH | ||
| Price | $2,617,360 CAD |
| Price Per SF | $523.47 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 4/1,000 SF |
| Zoning | BH |
AMENITIES
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 02-00118-04-00063 | Improvements Assessment | $1,099,986 CAD |
| Land Assessment | $166,622 CAD | Total Assessment | $1,266,608 CAD |
PROPERTY TAXES
Parcel Number
02-00118-04-00063
Land Assessment
$166,622 CAD
Improvements Assessment
$1,099,986 CAD
Total Assessment
$1,266,608 CAD
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1463 Prospect St - Prospect Auto Spa
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