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Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Commercial Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1672828
Annual Tax Amount $17,014
Tax Year 2024
Lot Size 5,000 Sqft
Property Sub-Type Commercial Land
Property Description
4 Bay Self Serve Car Wash! 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. 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. Property across the alley at 3759 Inca is also for sale by same ownership. Agent Owner. Billboard lease through Dec 2027, then Billboard company to remove the Billboard.
Location
State CO
County Denver
Zoning U-RX-3
Exterior
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected
Building
Lot Description Corner Lot, Infill, Level, Near Public Transit
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NON MLS PARTICIPANT
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