Investment Overview

Ocean Heights Self Storage & Car Wash opened for business in May of 2005. The property offers both interior and drive-up style self-storage units along with a 6-Bay self service car wash. It is in excellent condition and has been meticulously maintained by ownership since it's inception. The site features a rental office, gated entry, solar panels and paved drive aisles. Ocean Heights Self Storage & Car Wash is located in Atlantic County on the border of Egg Harbor Township and Somers Point. Ocean Heights Ave, where the property is located, is one of the most highly traveled commuter roads in Atlantic County. The property also pulls tenants from the nearby towns of Linwood and Northfield, along with the shore communities of Ocean City, Longport, Margate, and Ventnor. Currently operating as a fully self-service facility, the Car Wash offers several opportunities for investors to enhance automation and maximize profitability. One option is to convert the existing bays into In-Bay Automatic (IBA) systems, either incrementally or all at once, with the potential to increase annual revenue from car wash operations alone to $250,000–$300,000 within a year of completion. Alternatively, the existing building could be demolished to construct a modern drive-thru tunnel-style Car Wash. This upgraded facility could be leased to a larger car wash operator for passive income or managed directly by the owner, with either approach potentially doubling the current revenue. Ocean Heights Car Wash & Self Storage is an excellent option for any investor looking for a passive income opportunity in Atlantic County. It can also be utilized as a satellite location for a larger operation in Cape May or Atlantic Counties. The buyer will benefit from a high barrier to entry, strong rental rates, population, and income in a 5-mile radius. The facility uses Easy Storage Solutions for management software/website.