507 W 2nd St.

Active

$405,000

1/26

Property Description

The described property includes a Car Wash business, Detail Shop and income from a Water Vending Machine business owned by the seller. The Car Wash is a turn-key business opportunity which includes 5 bay Self-service: 8 position wash, credit card system by Wash Pay, security cameras, electronic vending, drop shelf vending stations and new awnings 2019. The 5 self-serve bays use Unitec Wash Pay credit card system, 1 of the 5 is perfect for a large truck bay. There is one Belanger Vector Rapid Touch free automatic car wash (installed in 2006) with a Unitec Wash select auto cashier, 4 vacuum stations and a detail shop. The seller will pay a percentage of gross income from the water vending machines. This is a great opportunity on a very successful business with a $44,137 NOI realizing close to a 11% Cap Rate overall! The Seller consider including the property located at 600 W 1st., a commercial building leased to a franchised Auto Parts Store with close to a 10% Cap Rate. The combined price is $575K including said commercial building. Buyer to verify all information, uses and splits allowed by the City of La Junta

Contact Agent

Tom Brann

Property Details

Property Type

Retail, Warehouse, See Remarks

Square Footage

1872

Bedrooms

Number of Storeys

1

Bathrooms

Year Built

1980

Property Location