600 W. 1st St.

Active

$170,000

1/26

Property Description

This commercial building has been leased to a franchised auto parts store for many years with close to a 10% Cap Rate. The described property can be purchased as described or you can include the Car Wash located to the South and SE. The combined price is $575K which includes a Car Wash business, Detail Shop, income from a Water Vending Machine business owned by the seller, and income from said Commercial Building Lease. 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 $63,937 NOI realizing close to a 11% Cap Rate overall! The Seller will consider splitting the property, selling just the car wash and detail shop at a price of $405K. 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

Square Footage

3000

Bedrooms

Number of Storeys

1

Bathrooms

Year Built

1980

Property Location