2521 Williams HWY, Grants Pass, OR 97527
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2521 Williams HWY, Grants Pass, OR 97527
2521 Williams HWY, Grants Pass, OR 97527
2521 Williams HWY, Grants Pass, OR 97527
2521 Williams HWY, Grants Pass, OR 97527
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Shannan Alvis

Shannan Alvis

+1(541) 890-3941
$ 645,000
Est. payment /mo
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2521 Williams HWY Grants Pass, OR 97527

1,176 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,176 sqft

Price per Sqft $548

MLS Listing ID 220228985

Year Built 1976

Annual Tax Amount $2,791

Lot Size 0.820 Acres

Acres 0.82

Lot Dimensions 0.82

Property Description

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.

Location

State OR

County Josephine

Direction South on OR-238 E / Williams Hwy. Property is on the left, directly across from T&C Market, near the intersection of New Hope Rd.

Interior

Heating None

Cooling None

Exterior

Exterior Feature RV Hookup

Parking Features Asphalt, RV Access/Parking

Roof Type Metal

Building

Foundation Block, Slab

Water Private, Well

Level or Stories One

Structure Type Block,Brick,Frame

New Construction No

Others

Senior Community No

Tax ID R316975

Security Features Security System Owned

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by RE/MAX Integrity Grants Pass

Nearby Locations

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Shannan Alvis

+1(541) 890-3941

shannan.alvis@exprealty.com

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2521 Williams HWY