About This Home
This 0-bedroom, 0-bathroom commercial at 2521 Williams Highway in Grants Pass, OR is listed for $645,000 ($548 per sqft). Built in 1976, the home offers 1,176 sqft of living space on a 0.82 acres lot.
Key Features
- Built in 1976
- 0.82 acre lot
Property Details
Amenities
Well-established coin-operated self-service car wash operating at this location for nearly 30 years. One of only two existing self-service coin car washes in Grants Pass and the only one south of the Rogue River. High-visibility Williams Hwy location with traffic counts approaching 30,000 vehicles per day.
Sale includes real estate, improvements, and all FF&E. Major operating equipment was replaced in 2020 as part of approximately $250,000 in capital improvements. Seller/operator will remain under a new 5-year lease with one 5-year renewal option, providing an approximate 5.77% in-place cap rate. Lease also provides expansion rights for a proposed kiosk at $1,200/month additional rent once approved and operational, increasing potential cap rate to approximately 8.00%. C-3 zoning on approximately 0.82 acres.
Monthly Cost Estimate
$3,450/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2521 Williams Highway
Grants Pass, OR 97527
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2521 Williams Highway is listed at $645,000 ($548/sqft). The estimated monthly payment is $3,449 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1976, 0.82 acre lot. Exterior Features: RV Hookup.
This property is listed by Michael O'Coyne and can be reached at 5412187762.
