3443 Vance St Lakewood, CO 80227
- Automotive properties
- 2,398 SF
- 0.79 lot acres
Current Use by Public Records
- Quality Quick Lube / Oil Change Service
Property Details for 3443 Vance St
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 0.79 lot acres
- Property size
- 2,398 SF
- Property type
- Automotive properties
- APN
- 49-354-00-017
- APU
- 4935400017
Description
This exceptional commercial property at 3443 S Vance Street, Lakewood, CO, presents a lucrative investment opportunity. Spanning 0.79 acres, the 5,186 square foot building houses a thriving lube shop and car wash business, complete with all equipment, supplies, spare parts, and trade equipment. The sale includes the real estate, ensuring ownership of both the land and the established business. The lube shop boasts an office/waiting room, three heated garage bays (two with work pits, one with a lift), six roll-up doors, and a drive-thru configuration. Services currently offered include oil changes, lubes, minor mechanical work, and tire sales & services. Significant growth potential exists through the addition of auto detailing or accessory sales. The car wash features six self-service bays, a drying bay, radiant floor heating, six vacuums, and a vending machine. Recent upgrades include a new entry/exit apron, electrical system improvements, and water pump replacements. The property benefits from excellent ingress/egress with entrances and exits on two sides, and two large, illuminated pylon signs ensure high visibility. Located near the busy intersection of Wadsworth Blvd and US 285 (almost 70,000 cars daily), this property enjoys a prime location within a large, affluent customer base. The C-R zoning allows for diverse uses, making it an ideal redevelopment opportunity as well. The asking price of $1,699,999 represents a compelling value of approximately $49.40 per square foot. This turnkey operation offers a rare chance to own a profitable business and valuable real estate in a high-traffic area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $875,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,110,000
- 6.5%
- $1,095,000
- 7%
- $1,120,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,090,000
- Geo Method
- $1,135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,210,000
- Retail
- $1,130,000
- Mixed-Use
- $1,145,000
- Hospitality
- $1,035,000
- Educational
- $1,160,000
- Residential Income
- $1,205,000
- Energy
- $990,000
- Income-Based Land
- $1,325,000
- Food Service
- $1,205,000
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.081
- Latitude
- 39.6543
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
