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
October 1, 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
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All information deemed reliable but not guaranteed. Last date updated: 10/1/2024
Source: New Jersey Multiple Listing Service, Inc.
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