Listed by Realty One Group Gilbert
$995,000
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3118 W Indian School Rd
Details
APN 154-24-027
Property Type Special Purpose
Sub Type Car Wash
Square Footage 3,168
Units 2
NOI $130,000
Tenancy Single
Pro-Forma NOI $275,000
Price per SqFt $314
Year Built 1996
Buildings 1
Acreage 0.475
Zoning C-2 Commercial
Investment Type Owner/User
Ground Lease No
Ownership Fee Simple
The property features an existing self-service wash configuration, major site utilities and a land p
Marketing description
3118 W Indian School Rd is an established 24-hour self-service car wash positioned on a high-traffic Phoenix commercial corridor. The opportunity is driven by the underlying land, existing utility infrastructure, frontage, access and flexible C-2 commercial zoning. The property can be marketed to wash operators, owner-users, automotive investors and redevelopment buyers seeking an infill site with multiple exit strategies.
The property features an existing self-service wash configuration, major site utilities and a land position that may be more valuable than the current improvement profile. The listing strategy should focus on the value of the real estate and operational infrastructure, not merely the historic income stream.
Investment highlights
- Prime Phoenix infill location - High traffic commercial corridor with visibility and access.
- Existing car wash infrastructure - Operational self-service car wash with utility, drainage and entitlement in place.
- Redevelopment upside - Ideal for express tunnel, automotive, retail or mixed-use.
- Existing Business - Operational self-service car wash generating current use income while preserving optionality.
- Utility Infrastructure - Major site utilities, drainage and water reclaim infrastructure already in place.
- High Traffic Corridor - Excellent visibility on Indian School Road with strong daily traffic exposure.
- Redevelopment Upside - Potential future use as express tunnel wash, QSR, automotive, retail or mixed-use.
- Land-Driven Asset - Significant underlying land and utility value with multiple exit strategies.
Listing Contacts
Listed by Realty One Group Gilbert
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
13.07%
Cap Rate
13.07%
ROI
Map
Zoning
C-2 CommercialSpecial CommercialIntermediate Commercial
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View all 445 uses
View all 445 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
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