Sold

1367 Highway 70

Lakewood NJ, 08701

$5,700,000


$71.12 per sqft

Sold

80,150 sqft

Commercial

Built in 2004

Bought with Jung Hwa Jung with Coldwell Banker, Fort Lee and Listed by Jung Hwa Jung with Coldwell Banker, Fort Lee 2016008871

Fully automated drive-through car wash with a state-of-the-art water reclaim system, four bays for auto detailing, and two bays for oil/lube. Recipient of 2021 CARFAX Top-Rated Service Center Award- with $2,000,000 gross revenue. High Traffic Count in a heavily trafficked Lakewood location. With over 9400 feet of space, 30+ parking spaces, sitting on 1.84 acres of land; there are plenty of opportunities to add value. Plans have been approved by the city to allow for the construction of a hotel right next door which will increase traffic to an already well-traveled corridor on Highway 70. Situated far from the competition and between two major shopping districts. Excellent investment opportunity in this very sought-after asset class. The car wash business is growing every year. In business for 18 years, they have earned the loyalty of very satisfied repeat customers. Zoning allows for the development residential units. ***ALL INFORMATION TO BE VERIFIED BY THE BUYER***

22011065

MLS ID

April 2, 2022

Listed

November 22, 2024

Updated

Map

1367 Highway 70
Lakewood NJ, 08701

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Architectual Style

Retail

Other Property Details

Taxes

$45,010


Tax Frequency

Annually


Garage

No


View

No


County

OCEAN


Pool

No

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS.  Real estate listings held by brokerage firms other than Christie's International Real Estate are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers.  Some properties listed with the participating brokers do not appear on this website at the request of the seller.  Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed.  Last date updated:  11/22/2024 

Source:  New Jersey Multiple Listing Service, Inc.

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