2521 Williams Highway, Grants Pass, OR 97527 | Home For Sale

Property Highlights – Coin-operated self-service car wash operating at this location for nearly 30 years – One of two self-service coin car washes in Grants Pass and the only one south of the Rogue River – Williams Hwy location with traffic counts approaching 30,000 vehicles per day – Sale includes real estate, improvements, and all FF&E (furnishings, fixtures and equipment) – Major operating equipment replaced in 2020 as part of approximately $250,000 in capital improvements – Seller/operator to remain under a new 5-year lease with one 5-year renewal option; current in-place cap rate ~5.77% – Lease provides expansion rights for a proposed kiosk; additional rent $1,200/month once approved and operational, increasing potential cap rate to ~8.00% – C-3 zoning on approximately 0.82 acres