90 Belleview AveEnglewood, CO 80110

  • Retail properties
  • 2,603 SF
For Sale
$1,800,000 View listing

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
Retail properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $821,093
    6.5%
    $757,932
    7%
    $703,794
  • Comparable approach

    Method
    Valuation
    Relative Method
    $541,951
    Geo Method
    $541,951
  • Alternative Use

    Use
    Valuation
    Residential
    $639,344
    Hospitality
    $585,636
    Educational
    $487,242
    Medical
    $503,999
    Retail
    $757,932
90 Belleview Ave, Englewood, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,000
-
-
$222,363
-
$500,520
$296,480
$797,000

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