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$5,700,000
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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***
Full Property Details
Full Property Details for 1367 Hwy 70
General
- Sold For: $5,700,000
- Taxes: $45,010
- Status: Closed
- Type: Retail
- Source: NJMLS
- MLS ID: 22011065
- Added to Site: 1, 420 day(s) ago
Rental Information
- Rent Includes: None
Location
- Area: Lakewood
- County: OCEAN
Heating & Cooling
- Heating Type: Central Air, Gas, Multi-Zone
Utilities
- Utility Description: Sep Elec, Sep Gas, Sep Water, Seperate Heat
Structural Information
- Architectural Style: Retail
Water Features
- Water Front Desc.: None
Financial Considerations
- Tax Amount: $45,010
Disclosures and Reports
- Ownership: Private
- Flood Zone: None
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Schools
Schools serving 1367 Hwy 70
School District:Lakewood Township School District
| Name | Grades | Distance |
|---|---|---|
Lakewood High School 855 Somerset Avenue, Lakewood, NJ 08701 | 9-12 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1367 Hwy 70
Date
Details
Price
Change
Source
12/12/2022
Sold
$5,700,000
-18.57%
MLS
8/14/2022
Price Increased
$7,000,000
1.45%
MLS
6/06/2022
Price Reduced
$6,900,000
-12.66%
MLS
4/03/2022
Listed
$7,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1367 Highway 70, Lakewood, NJ 08701 (MLS# 22011065) is a Retail property that was sold at $5,700,000 on December 12, 2022. This property was listed by Jung "Vivian" Jung from our Hudson Valley Regional Office.Want to learn more about 1367 Highway 70? Do you have questions about finding other Retail real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.


