7628 Garrison StLittleton, CO 80128

Property Details for 7628 Garrison St

Year built

1982

Construction

STEEL FRAME

Lot size

1.49 AC

Property size (Sq ft)

1,775 SF

Property type

Retail properties

Property subtype

Other car washes

APN

59-341-06-022

APU

5934106022

Description

This exceptional 1,775 square foot self-service car wash in Littleton, Colorado, presents a lucrative investment opportunity. Built in 1982 and extensively renovated in 2015, this single-story facility boasts four self-service bays, four vacuums, and vending machines. The car wash features high-efficiency boilers and other energy-efficient systems, resulting in lower utility costs. The well-designed layout facilitates high-volume operation. The property sits on a large 64,859 square foot lot with convenient ingress and egress from South Garrison Street. While a previous cell tower lease is no longer active, the building's 14-foot ceilings and substantial lot size offer potential for future development or expansion, subject to any necessary site assessments. Please note that the building envelope is limited on the east portion of the property, and the land is undermined beyond the former cell tower area. This established business is priced at $365,000, representing a price per square foot of $205.63. The property is located at 7628 S Garrison St, Littleton, CO 80128.

• CAP approach

  CAP return

  Valuation

  6%

  $490,889

  6.5%

  $453,129

  7%

  $420,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $991,463

  Geo Method

  $369,559

• Alternative Use

  Use

  Valuation

  Residential

  $382,231

  Hospitality

  $350,121

  Educational

  $291,297

  Medical

  $301,315

  Retail

  $453,129

Location Insight

City

Littleton

County

Jefferson

State

Colorado

Latitude

39.5784

Longitude

-105.1

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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