- For Sale $404,500
- Property Type Retail
- Property Size 13,504 SF
- Lot Size 0.31 Acre
- Cap Rate % 13
- Date Updated Jan 23, 2025
Description
- ±20,000 Vehicles Per Day – The property experiences a high volume of daily traffic, offering excellent visibility from the road. Its convenient accessibility ensures customer retention.
- 5 Self Service Bays and Automatic – This property has state-of-the-art equipment. The Automatic Bay is a critical equipment requirement essential for operating a thriving car wash operation.
- Excellent Location in a Healthy Retail Market – Benefitting from surrounding retail, this property anticipates robust business yearround. With a growing market and increased customer engagement, this is a prime opportunity for sustained growth.
- Nearing 5% Growth Since Last Reported Census – Cortez has experienced a consistent growth trajectory over the past five years. This trend is poised to continue as the city expands its infrastructure and attracts new residents and businesses.
- Special Tax Advantage – Car washes present accelerated depreciation opportunities for tax savings. Under IRS Code Sections 179 & 168(k), these types of properties can qualify for business expense deductions up to 60 percent of the cost and bonus depreciation in the first year.*
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Contacts
Matthew Schmidt
Matthews Real Estate Investment Services
Simon Assaf
Matthews Real Estate Investment Services
Location
Contact 405 E Main St