Property Details for 802 Main St

Year built

1954

Lot size

0.74 lot acres

Property size

1,920 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses a thriving, long-established (50+ years) auto service center in the rapidly growing mountain community of Westcliffe, CO. Situated on a 2.01-acre lot (including an adjoining 1.33-acre parcel), this property boasts prime highway frontage on a major east-west state highway, with additional exposure from a nearby north-south thoroughfare. The business includes a gas station, auto repair shop (two service bays, two lifts), auto sales (averaging 6-8 vehicles), propane distribution, and a U-Haul rental center. The well-maintained facility features three underground fuel tanks (unleaded, regular, diesel) with a computerized leak detection system, meeting all state and federal regulations. Additional structures include a 20x30 metal building for tire and tube inventory, a 10x10 auto sales office, and two carports. The property is fully fenced. Services offered include brake service, tune-ups, front-end work, air conditioning service, light welding, suspension repair, exhaust work, and alignments. The Gilbarco gas pumps were purchased in 2020. This multi-faceted business benefits from a loyal local customer base, significant highway traffic, and the area's popularity as a vacation destination. The property's substantial size presents significant potential for expansion, with ample space for additional repair bays, a coffee shop, or outdoor seating. Located on one of Colorado's scenic byways, this property offers a unique blend of established income streams and significant growth potential. The 6% capitalization rate further underscores its strong investment appeal.

Location Insight

City

Westcliffe

County

CUSTER

State

Colorado

Longitude

-105.461

Latitude

38.1356