5155 Austin Bluffs Pkwy Colorado Springs, CO 80918

Property Details for 5155 Austin Bluffs Pkwy

Year built

2004

Lot size

0.64 lot acres

Property size

4,008 SF

Property type

Specialty properties

Property subtype

Car washes

Description

This exceptional 4,008 sq ft car wash in Colorado Springs, CO, presents a unique owner-user opportunity. Built in 2004 and situated on a 0.64-acre lot at 5155 Austin Bluffs Pkwy, this well-maintained property boasts six bays (one automatic, five self-serve) and five vacuum stations. The asking price is $1,300,000, representing an 8.4% cap rate and 11.9x EBITDA CFx on year 1 forward income, with a strong NOI of $109,200. The business, established in 2004 by the original owner/operator, benefits from a loyal customer base and high-quality equipment, including Mark VII Aquajet units, hot/cold water tanks, and industrial vacuums (full list available). The glazed block construction is durable and weather-resistant. The property features ample parking (7 spaces), a water reclaim system, security cameras, and a heated floor system for year-round operation. Located on Austin Bluffs Parkway, with high daily traffic volume (24,000 vehicles), this site enjoys excellent visibility and convenient ingress/egress. The surrounding area has a strong demographic profile, with approximately 149,000 residents within a 5-mile radius and an average household income of ~$111,000 annually. This presents multiple business execution plans: continue operating the existing business, lease the property, or implement value-add strategies like a membership program. Colorado Springs' weather, with abundant sunshine and snowfall, ensures consistent demand for car washing services.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Longitude

-104.737

Latitude

38.9064