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

719-241-0796

Property Details

Property Type

Retail, Warehouse

Square Footage

3000

Bedrooms

Number of Storeys

1

Bathrooms

Year Built

1980

Property Location