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30102589
30102588

8209 Ocean Gateway, Easton, MD 21601 For Sale

WC
MD 574198
SVN | Miller Commercial Real Estate Salisbury
SVN | Miller Commercial Real Estate Salisbury
Listed by SVN | Miller Commercial Real Estate Salisbury
$3,900,000
123 days on market
Updated 34 days ago

3 Car Wash Locations - All Highway/Main Road Locations

Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Units 3
Occupancy 100%
Tenancy Single
Brand/Tenant Go! Car Wash
Class A
Year Renovated 2019
Buildings 3

Go! Wash - Car Wash Portfolio

Marketing description

This offering presents a rare opportunity to acquire a three-property car wash portfolio with highway locations, including two locations in Easton, MD, and a prime Rt. 50 location in Cambridge. The Cambridge facility at 305 Sunburst Hwy was fully renovated in 2019 with a new interior, a full exterior renovation, and all new equipment, while the two Easton locations have also been renovated, while also providing complementary market coverage along major commuter and retail corridors servicing different traffic patterns.

There is $1,100,000+/- in potential income tax savings using accelerated depreciation!! See your accountant to verify.

Collectively, the properties benefit from great visibility, strong traffic counts, easy ingress and egress, and proven automotive-use layouts that have served customers well. Positioned along highly traveled routes with built-in demand, these locations offer immediate scale and established operations, making it a compelling opportunity for owners/investors seeking to scale their operations with great underlying real estate and a strong regional presence.

Location Descriptions:

  • 8209 Ocean Gateway, Easton, MD (traffic count - 35,212): Located directly on US Route 50 in Easton, the property offers excellent visibility, high traffic counts, and easy access. 3,700+/- SF

  • 29394 Dover Road, Easton, MD (traffic count - 12,331): Positioned along Dover Road in Easton, adjacent to Walmart, and has convenient access in a well-known location. 1,975+/- SF

  • 305 Sunburst Hwy, Cambridge, MD (traffic count - 29,172): Located on the eastbound lane of US Route 50 in a 35 mph zone, the property is prominently located on Cambridge’s primary commercial corridor, surrounded by commerce. 4,700+/- SF

Investment highlights

  • Car wash portfolio - Three locations, all renovated
  • Huge depreciation tax benefits and "potential" income tax savings
  • Highway locations in slow-speed limit zones
  • Easy access and circulation for customers
  • Surrounded by traffic generators - Walmart, Aldi, Giant, etc
  • Setup: Express automatic tunnels, single-car automatic wash bays, touchless wash bay, self-serve wash bays, and vacuum stations
  • Located in a dense commercial corridor with high traffic counts

Listing Contacts

WC
MD 574198
SVN | Miller Commercial Real Estate Salisbury
SVN | Miller Commercial Real Estate Salisbury
Listed by SVN | Miller Commercial Real Estate Salisbury

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