Current Use by Public Records
- Retail properties & Spaces
Property Details for 2230 Monaco St Pkwy
- Year built
- 1986
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents two thriving, touchless car washes in Denver, Colorado. Located at 2230 S. Monaco St Pkwy and 5440 E. Evans Ave, these properties boast a combined 2,873 square feet on a total lot size of 40,863 square feet. Built in 1986, these strategically positioned car washes benefit from high traffic counts at arterial street intersections within densely populated, high-income neighborhoods experiencing significant growth with recent additions like Carvana, Quick Trip, and 400 new apartments. The South Monaco location features one automatic bay and four self-serve bays, while the East Evans location offers one touchless automatic bay and five self-serve bays. Currently operating at 100% occupancy, these well-maintained properties offer a strong return on investment. The asking price is $4,500,000, with an 8.32% actual cap rate and a projected 58.65% proforma return on capital. A slight increase in wash prices could yield an additional 17% increase in income. This is a rare chance to acquire a stabilized, high-performing portfolio in a rapidly developing area of Denver. The APN for the South Monaco location is 6291-00-108. This is a single-tenancy property.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.912
- Latitude
- 39.6761
