90 Belleview AveEnglewood, CO 80110
- Retail properties
- 2,603 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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