90 Belleview AveEnglewood, CO 80110

Property Details for 90 Belleview Ave

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.38 AC

Property size (Sq ft)

2,603 SF

Property type

Car washes

APN

2077-15-2-01-091

APU

207715201091

Description

This exceptional car wash opportunity in Englewood, Colorado, presents a compelling investment prospect. Located at 90 W Belleview Ave, this 2,603 square foot facility sits on a 0.38-acre lot and boasts a prime location along the Broadway corridor, experiencing high daily traffic volume of nearly 85,000 vehicles. The property underwent a complete renovation in 2017, resulting in a modern and updated appearance. The car wash features three self-serve bays and two Istobal automatic wash bays, ensuring efficient and high-quality service. Five J.E. Adams vacuum cleaners are also available for customer use. Additional amenities include a two-inch water tap and a new B&B membership app. The property's financial performance demonstrates significant growth, with wash volume increasing from 15,133 in 2018 to 23,869 in 2020, representing a 40% year-over-year income growth. The strategic location benefits from the nearby "Hive" redevelopment project, which includes significant retail and commercial space, further enhancing the property's visibility and potential. Detailed financial information is available upon request and execution of a confidentiality agreement. This is a turnkey operation ready for a new owner to step in and continue the success.

• CAP approach

  CAP return

  Valuation

  6%

  $665,317

  6.5%

  $614,139

  7%

  $570,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $223,662

  Geo Method

  $223,662

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,226,770

  Mixed-Use / Specialty

  $600,175

  Hospitality / Lodging

  $425,001

  Office

  $584,347

  Institutional / Educational

  $619,733

  Residential Income

  $725,087

  Multifamily

  $934,902

  Automotive / Energy

  $531,199

  Parking / Income-Based Land

  $194,943

  Restaurant / Food Service

  $287,029

  Healthcare / Senior Housing

  $627,542

Location Insight

City

Englewood

County

Arapahoe

State

Colorado

Latitude

39.6237

Longitude

-104.989

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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