3443 Vance StLakewood, CO 80227

Property Details for 3443 Vance St

Year built

1986

Construction

STEEL FRAME

Lot size

0.79 AC

Property size (Sq ft)

2,398 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

49-354-00-017

APU

4935400017

Description

This exceptional commercial property at 3443 S Vance Street, Lakewood, CO, presents a lucrative investment opportunity. Spanning 0.79 acres, the 5,186 square foot building houses a thriving lube shop and car wash business, complete with all equipment, supplies, spare parts, and trade equipment. The sale includes the real estate, ensuring ownership of both the land and the established business. The lube shop boasts an office/waiting room, three heated garage bays (two with work pits, one with a lift), six roll-up doors, and a drive-thru configuration. Services currently offered include oil changes, lubes, minor mechanical work, and tire sales & services. Significant growth potential exists through the addition of auto detailing or accessory sales. The car wash features six self-service bays, a drying bay, radiant floor heating, six vacuums, and a vending machine. Recent upgrades include a new entry/exit apron, electrical system improvements, and water pump replacements. The property benefits from excellent ingress/egress with entrances and exits on two sides, and two large, illuminated pylon signs ensure high visibility. Located near the busy intersection of Wadsworth Blvd and US 285 (almost 70,000 cars daily), this property enjoys a prime location within a large, affluent customer base. The C-R zoning allows for diverse uses, making it an ideal redevelopment opportunity as well. The asking price of $1,699,999 represents a compelling value of approximately $49.40 per square foot. This turnkey operation offers a rare chance to own a profitable business and valuable real estate in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $756,428

  6.5%

  $698,241

  7%

  $648,367

• Comparable approach

  Method

  Valuation

  Relative Method

  $499,269

  Geo Method

  $499,269

• Alternative Use

  Use

  Valuation

  Residential

  $588,992

  Hospitality

  $539,514

  Educational

  $448,869

  Medical

  $464,307

  Retail

  $698,241

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.6543

Longitude

-105.081

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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