5155 Austin Bluffs Pkwy, Colorado Springs, CO 80918
- Specialty properties
- 4,008 SF
- 0.64 lot acres
Current Use by Public Records
- Lotus Car Wash / Car Wash
Property Details for 5155 Austin Bluffs Pkwy
- Year built
- 2004
- Lot size
- 0.64 lot acres
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.737
- Latitude
- 38.9064
