605 9 St Cañon City, CO 81212

Property Details for 605 9 St

Property size

15,538 SF

Property type

Auto shops

Description

This exceptional turnkey investment opportunity presents a five-bay auto wash facility situated on a 15,538 square foot lot in Cañon City, Colorado. Located at 605 S 9th St, 81212, this property boasts 100% occupancy and a strong 12% cap rate. The asking price is $1,200,000, translating to $77.23 per square foot. The five covered bays include an extra-large bay suitable for larger vehicles. Additional features include convenient vacuum stations and high visibility from a major thoroughfare. This property benefits from its location in a high-traffic area, attracting both local residents and tourists visiting nearby attractions like the Royal Gorge Bridge and Park. The property's strategic location within a growing market, coupled with its current strong performance and potential for future redevelopment, makes it an attractive investment for those seeking passive income or future development opportunities. The NNN lease structure minimizes operational involvement for the owner. The property is a five-story building and is currently operating at 100% occupancy. This represents a rare opportunity to acquire a well-established, profitable business in a desirable location. The property is offered as a single tenancy and has zero years remaining on the lease, making it ideal for an owner-operator or investor seeking immediate control. The property's size and location offer significant potential for future expansion or redevelopment.