Lakewood, NJ 08701,1367 Highway 70
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Lakewood, NJ 08701,1367 Highway 70
Listed by Jung Hwa Jung Coldwell Banker, Fort Lee
Bought with Jung Hwa Jung Coldwell Banker, Fort Lee

$7,000,000

Est. payment /mo

$7,000,000

Est.Price: ?

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1367 Highway 70 Lakewood, NJ 08701

SOLD DATE : 12/12/2022

Key Details

Sold Price $7,000,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 22011065

Sold Date 12/12/22

Style Retail

Property Sub-Type Retail

Property Description

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***

Location

State NJ

County Ocean

Interior

Heating Central Air, Gas, Multi-Zone

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New Jersey MLS (NJMLS)
agent

Daniel Jang

Lead Agent | License ID: NJ #2441242

+1(201) 381-0251

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