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202 Cassidy Blvd

Pikeville, KY 41501

$725,000

Specialty For Sale  •  5,216 Sq Ft

Property Details

  • Property Type Specialty
  • Total Building Size 5,216 Sq Ft
  • Building Class B
  • Year Built 2007
  • Cap Rate 10.00 %
  • Tenancy Single
0 Transit Score
46 Walk Score

Description

Unit Features:
- Established 5 bay car wash, 2 automatic, 3 self-service,  with multiple vacuum stations.
- The business is well positioned in an intensely developed commercial retail neighbor center.
- Terrific exposure in a high traffic area- directly across from Lowes, adjacent to McDonalds. 
- High destination center with neighboring National Tenants including: Wal-Mart, Lowes, Staples, McDonalds, Applebee' s, Dollar Tree and Hobby Lobby who bring lots of traffic to the property.
- Located in an area that is nearly 100% developed  making this an unique opportunity to own your own business in a limited market. 
- All Furniture, Fixtures and Equipment included.

* Estimated cap rate of 10% based on operating numbers received from 2015
* This property is bank owned, the information contained herein is from sources believed, but not guaranteed to be reliable.

The business is located within a stabilized neighborhood on Cassidy Boulevard, in Pikeville  Pike County, Kentucky. The car wash is in a very busy shopping center filled with numerous other retail and restaurant venues , with great co-tenancy and high volume traffic.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $58,000 (2016)
Cap Rate: 10.00 %
Briana Stiff 859-269-8890 Urban Groupe
Briana Stiff 859-269-8890 Urban Groupe