2230 Monaco St Pkwy Denver, CO 80222
- Retail properties
- 2,873 SF
Current Use by Public Records
- Retail properties
Property Details for 2230 Monaco St Pkwy
- Year built
- 1986
- Property size
- 2,873 SF
- Property type
- Retail properties
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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.912
- Latitude
- 39.6761
