For Sale
$3,500,000

18324 104Th AveCommerce City, CO 80022

High-volume, profitable car wash in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1,964 sq ft car wash, built in 2007 and renovated in 2018 & 2020, is situated on a 32,160 sq ft lot in the thriving Reunion Marketplace of Commerce City, CO. Boasting a high sales volume and commanding market presence, this single-unit business offers significant returns. Financial highlights include a 9.49 EBITDA multiple, a 5.78 GIM, and a $200,000 free cash flow. SBA financing is available with a 12% down payment, promising a 17.7% ROI on the down payment. The property benefits from a strategic location at the intersection of 104th Ave and Tower Rd, providing easy access to Pena Blvd and Denver International Airport. Nearby businesses include a Conoco gas station, NAPA Auto Parts, Starbucks, and a Sonic Drive-In, further enhancing visibility and customer traffic. The car wash is part of a larger commercial development encompassing restaurants, a Wells Fargo Bank, and a two-story medical office building. High traffic counts on 104th Ave (15,055 ADT as of Dec 2022) and Tower Rd (26,836 ADT as of May 2021) underscore the property's exceptional location. This is a rare opportunity to acquire a highly profitable, established business in a rapidly growing area. The property is zoned commercial.

Highlights

  • $3,500,000 asking price for a profitable car wash in Commerce City, CO.
  • 1,964 square foot building on a 32,160 square foot lot.
  • High sales volume, dominating its market in the fast-growing Reunion Marketplace.
  • Built in 2007, renovated in 2018 and 2020.
  • Excellent location near major roadways, including E-470, with high traffic counts.

Property Details for 18324 104Th Ave

Property type
Specialty properties, Car washes
Square Feet
1,964 SF
Year Built/Renovated
2007/2018
Buildings
1
Stories
1
Units
1

Location Insight

City
Commerce City
County
Adams
State
Colorado
Latitude
39.884945557983
Longitude
-104.77297283892
18324 104Th Ave, Commerce City, Colorado

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18324 104Th Ave
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