280 Eastern Ave

Description

Investment opportunity! Heres an opportunity to purchase the only auto and truck wash located in a prime location on 1 of the busiest streets in town, and just off Hwy 6 in Marengo, IA. Marengo (population 2435*), is the county seat of Iowa County (population 16,662*). This is a turn key operation with many recent updates including: 1 new HP pump, 1 new LP pump, new security system with 8 cameras, new motors on 2 vacuums, bill changer reworked, drain lines recently jetted and more. This would make a great first time investment or a great addition to a current portfolio for someone looking for a semi passive income stream. Make money while you sleep! Included in the sale is the building consisting of over 2500 sq ft with one automatic wash bay, 2 self-serve auto bays and 1 self-serve oversized truck bay, real estate consisting of over half an acre of prime real estate with plenty of concreted area to add other amenities, all equipment, remaining chemicals, parts and a 500T Hydraulic pit cleaner. Bays have in-floor heat for winter months, self-serve bays have weep system for winter months, property has private well and is hooked to city water as well in case of well failure. Financials and private tour available upon request. *Census 2020