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12496159
12496158

690-696 River Street, Troy, NY 12180

HOWARD HANNA CAPITAL INC
Listed by HOWARD HANNA CAPITAL INC
$1,500,000
1002 days on market
Updated 13 days ago
Opportunity zone

690-696 River Street

Details
Property Type Land
Sub Type Commercial
Cap Rate 8.10%
Tenancy Multi
Brand/Tenant Car Wash
Lease Type Modified
Year Built 1954
Acreage 0.400
Investment Type Value Add

Land | 0.4 acres

Marketing description

All Car Wash equipment replaced in 2020, Approximate CAP RATE 8.1% with a 10% cap rate or better attainable. All Equipment is top of the line. In position to take advantage of the revitalization of Troy with a significant growth potential.Radiant heating on tunnel entrance & exit pads, self serve floors with 10' runouts. Complete Balanger & Sonny's Tunnel System with Innovation Control System (2020) Sonny's Banana Peel 120' Conveyor System with Hydraulic Pump Drive (2020) Carolina Pride Express 4 Bay Self Serves system complete (2020),Abutting Street AADT 11372 & AADT 5289 Property has a 3 bay service garage & office area currently leased for great additional income! Check out the virtual tour!!! and you can walk right through the carwash! For detailed financial info please contact us

Investment highlights

All Car Wash equipment replaced in 2020, Approximate CAP RATE 8.1% with a 10% cap rate or better attainable. All Equipment is top of the line. In position to take advantage of the revitalization of Troy with a significant growth potential.Radiant heating on tunnel entrance & exit pads, self serve floors with 10' runouts. Complete Balanger & Sonny's Tunnel System with Innovation Control System (2020) Sonny's Banana Peel 120' Conveyor System with Hydraulic Pump Drive (2020) Carolina Pride Express 4 Bay Self Serves system complete (2020),Abutting Street AADT 11372 & AADT 5289 Property has a 3 bay service garage & office area currently leased for great additional income! Check out the virtual tour!!! and you can walk right through the carwash! For detailed financial info please contact us

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HOWARD HANNA CAPITAL INC
Listed by HOWARD HANNA CAPITAL INC

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