405 Main StCortez, CO 81321

Property Details for 405 Main St

Year built

1997

Lot size

0.31 AC

Property size (Sq ft)

3,762 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Self service car washes

APN

561126402003

APU

561126402003

Description

This exceptional car wash opportunity in Cortez, Colorado, is priced at $404,500. Boasting 13,504 square feet on a 0.31-acre lot, the property includes 5 self-service bays and a crucial automatic bay, all built in 1997. The net rentable space is 3,762 square feet, offering a price per square foot of $108. Located at 405 E Main St, 81321, this car wash benefits from approximately 20,000 vehicles passing daily, ensuring high visibility and convenient customer access. Situated in a thriving retail market experiencing near 5% growth since the last census, this business enjoys excellent year-round performance. Furthermore, car washes offer significant tax advantages through accelerated depreciation, potentially allowing for substantial business expense deductions. This presents a compelling investment opportunity in a growing Colorado market. The property's strong location and high traffic volume contribute to its potential for continued success and substantial returns.

• CAP approach

  CAP return

  Valuation

  6%

  $1,016,304

  6.5%

  $938,127

  7%

  $871,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,929,282

  Geo Method

  $783,257

• Alternative Use

  Use

  Valuation

  Residential

  $791,345

  Hospitality

  $724,868

  Educational

  $603,081

  Medical

  $623,822

  Retail

  $938,127

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Latitude

37.3484

Longitude

-108.58

Property Tax & Assessments

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