Asking Price: $6,500,000
Building Size: 2,700 SQ FT
Lot Size: 42253
Cost per Square Foot: $2,407.41
SVN Denver Commercial is pleased to bring to market one of the busiest car washes in the Denver Metro area. The Octopus car wash located 7490 W Colfax Ave is best known for its fantastic, efficient, and superb car washes. The Octopus car wash has been one of the community favorites for quite some time now as they always have cars lined up whether it's a Saturday afternoon or a Monday morning. The owner has successfully owned and operated this Octopus location for over 45 years now. This is an optimal opportunity for someone to come in and take over a very successful business with a proven track record. Over the past three years, the business has had an average NOI of $889K. The Octopus Car Wash is one of the few car washes in the Denver Metro Area which offers a full-service hand wash. The Octopus Car wash is known to use only the finest soaps and materials to wash customer's cars at the most efficient price. The location of this Octopus Car Wash is unbeatable. With Home Depot being the Anchor tenant and Walmart Supercenter being right across the street this Octopus Car Wash location is busy from open to close. The future owner of this opportunity has many options when deciding which direction to move forward. The land which the Octopus Car Wash is on is, in fact, an opportunity zone as well.
Key Points: -Octopus Car Wash has been in the business for more than 45 years -Octopus Car Washes utilize the latest HI-tech Soft-Touch Washing systems, which they pioneered to clean your vehicle with the utmost in safety. The wash process has been proven to lengthen the life span of the finish of your car thereby enhancing the resale value -Octopus Car Wash's Value Pricing and Speed of Service can't be done at home, by a charity function, or at a gas station wash. -Service performed by a staff of highly trained personnel who care about you the customer.