Current Use by Public Records
- Retail properties & Spaces
Property Details for 802 Main St
- Year built
- 1954
- Lot size
- 2.01 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a thriving, established business in Westcliffe, Colorado. The property encompasses two parcels totaling 2.01 acres, featuring a 1,954 sq ft Class A auto shop, gas station, and tire sales operation. Established for over 50 years, this business boasts a loyal customer base and is the only auto service center within a 50-mile radius. The property includes three buildings, two gas pumps (replaced in 2020), three underground fuel tanks, two service bays with lifts, and a dedicated tire sales building. Additional revenue streams include propane sales, U-Haul rentals, and an auto sales business averaging 6-8 vehicles. The property is situated on a busy highway with high traffic volume, offering excellent visibility and accessibility. Built in 1954 and renovated in 2009, the property is zoned commercial and offers significant expansion potential. This turnkey operation is ideal for an owner-user seeking a profitable venture in a rapidly growing mountain community, offering a blend of established business and significant real estate value. The asking price is $8,995,000, representing a 6.23% cap rate. The property's location in Westcliffe, a thriving destination town, provides access to outdoor recreation and a strong local economy. The property is fenced and includes two carports and a 10x10 office building. The business is a single-tenant operation.
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
- Westcliffe
- County
- Custer
- State
- Colorado
- Longitude
- -105.461
- Latitude
- 38.1356
