11500 Walsingham Road, Largo, FL, 33778 | $1,275,000

Real Estate Included | Passive Income | Seller Financing Available

Seller Financing Available for Qualified Buyers

Rare opportunity to acquire an income-producing self-service car wash with real estate ownership and multiple revenue streams, requiring minimal daily management and offering strong upside potential.

The property consists of two separate buildings positioned on a prime commercial corridor experiencing continuous growth and expansion since 2022, with traffic counts exceeding 12, 000 vehicles per day as of 2024.

⢠Self-service car wash facility featuring 4 high-pressure wash bays
⢠Second building leased to a restaurant, generating stable and recurring monthly rental income
⢠Additional storage unit currently leased for $150 per month, providing supplemental i The car wash operates under an efficient, low-management model designed for minimal owner involvement. Equipped with both credit card and cash payment systems, operations run largely unattended and typically require only about one hour of daily oversight. The business benefits from a simple operational structure with limited day-to-day management requirements, making it ideal for investors seeking semi-absentee ownership. The property also offers strong expansion potential with available space to introduce additional revenue streams such as: " Installation of automatic wash systems " Addition of vacuum stations " Tire inflation or ancillary service areas These improvements could significantly increase customer volume and revenues without materially increasing management requirements. Additional property features include: " Garage and technical/service area " Office space " Surveillance camera system The business benefits from excellent visibility, strong daily traffic exposure, and currently operates with no direct car wash competition in the immediate market area, supporting continued customer demand and long-term stability. Seller financing may be considered with an ideal down payment of approximately $600, 000. A rare opportunity to acquire an income-producing business combined with real estate ownership in a rapidly expanding commercial area. Non Disclosure Agreement and Proof of Funds required.

Features

  • Property Type: Industrial
  • Construction: CBS
  • Utilities: Other
  • Heating: Central
  • Cooling: Electric
  • Units: 2
  • Zoning: C-2
  • Year Built: 1973
  • Acreage: 0.48
  • Est. Taxes: $8,822
  • Tenant Pays: Electricity, Insurance
  • MLS#: RX-11165401
  • Website: https://www.raveis.com
    /prop/RX-11165401/11500walsinghamroad_largo_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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11500 Walsingham Road, Largo, FL, 33778

$1,275,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,020,000 $1,020,000 $1,020,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.300% 6.375% 6.203%
Monthly Tax Payment $735 $735 $735
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,034 $6,280 $8,607
Total Monthly Payment $6,894 $7,140 $9,467

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.