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$795,000
Est. payment /mo
8,750 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6903037
HOA Y/N No
Annual Tax Amount $23,668
Tax Year 2024
Lot Size 8,750 Sqft
Acres 0.2
Property Sub-Type Commercial Land
Source recolorado
Property Description
4 Bay Self Serve Car Wash PLUS Adjacent Vacant Lot! Exceptional investment opportunity in the heart of Denver's highly sought-after neighborhood. Surrounded by the LoHi, Highlands, and Sunnyside neighborhoods. This fully operational self-serve car wash offers strong, reliable income with nearly a 9% cap rate, making it an ideal choice for both cash-flow investors and land-focused developers. Positioned on a high-visibility corner lot, the property benefits from consistent customer traffic and a loyal local user base. The car wash is well-maintained, requires minimal oversight, and operates with low overhead, creating an income-producing asset from day one. There is still room to improve the property and increase cash flow. Beyond its solid cash flow, the real long-term value lies in the land. This price includes the car wash land and the vacant land across the alley. Situated in a prime urban infill location surrounded by high-end residential and mixed-use development, the property offers significant future redevelopment potential. The property was recently rezoned to allow for a 3 story building. As this property is within Denver's most desirable neighborhoods, this lot presents a rare chance to own income-producing real estate with upside for future appreciation and transformation. Don't miss this dual-benefit property—earn now and build value for tomorrow. Billboard lease through Dec 2027, then Billboard company to remove the Billboard. Agent is the owner of the property.
Location
State CO
County Denver
Zoning U-RX-3
Interior
Fireplace N
Exterior
Garage No
Building
Lot Description Corner Lot, Near Public Transit
Sewer Public Sewer
Water Public
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Parkview Real Estate
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