418 3Rd StMonument, CO 80132

Property Details for 418 3Rd St

Year built

1972

Construction

WOOD FRAME

Lot size

0.38 AC

Property size (Sq ft)

2,664 SF

Zone code

CC

Property type

Retail properties

Property subtype

Other individual retail properties

APN

7114303001

APU

7114303001

Description

This exceptional opportunity presents a thriving, 17-year-old family-owned salon and spa located in Monument, Colorado. Established in 2007, this business boasts a proven track record of success, consistently profitable since 2009, and demonstrating resilience even during challenging economic times, including the COVID-19 pandemic. The current owner, who assumed sole ownership in 2016, purchased and renovated the building to create their ideal workspace. The salon and spa is situated in a prime location in the heart of south-central Colorado, serving a wide regional clientele. The business prides itself on exceptional customer service, high-quality services and products, and reasonable pricing. This has resulted in a loyal customer base and a strong reputation within the community. The sale includes the established business, its existing clientele, and the building. The current owner is motivated to sell and pursue other ventures, presenting a unique opportunity for a new owner to step into a well-established and profitable business. Inventory is negotiable separately from the asking price of $942,000. This turnkey operation offers immediate income potential and the chance to build upon an already successful foundation. The business has a history of providing employment opportunities for numerous individuals, contributing positively to the local economy. This is a rare chance to acquire a long-standing, successful business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $856,581

  6.5%

  $790,690

  7%

  $734,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $554,651

  Geo Method

  $554,651

• Alternative Use

  Use

  Valuation

  Residential

  $666,976

  Hospitality

  $610,947

  Educational

  $508,301

  Medical

  $525,782

  Retail

  $790,690

Location Insight

City

Monument

County

El Paso

State

Colorado

Latitude

39.093

Longitude

-104.868

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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