1501 72Nd AveDenver, CO 80221

Property Details for 1501 72Nd Ave

Year built

1963

Lot size

0.40 AC

Property size (Sq ft)

1,864 SF

Property type

Retail properties

Property subtype

Self service car washes

APN

R0069052

APU

R0069052

Description

This exceptional turnkey car wash business presents a lucrative investment opportunity in Denver, Colorado. Located at 1501 W 72nd Ave, Adams County, this well-maintained facility sits on a substantial 17,303 square foot lot, zoned C-4. The car wash boasts five washing bays, including one oversized bay suitable for RVs and larger vehicles. Recent updates and upgrades ensure efficient operation and a modern aesthetic. The business is equipped to accept both coin and credit card payments, catering to a wide range of customers. The property's prime location ensures high traffic volume, particularly beneficial during the busy car wash season. Financial history from the previous owner is limited

• CAP approach

  CAP return

  Valuation

  6%

  $654,673

  6.5%

  $604,314

  7%

  $561,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,233,449

  Geo Method

  $388,089

• Alternative Use

  Use

  Valuation

  Residential

  $509,761

  Hospitality

  $466,938

  Educational

  $388,487

  Medical

  $401,848

  Retail

  $604,314

Location Insight

City

Denver

County

Adams

State

Colorado

Latitude

39.8276

Longitude

-105.005

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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