2430 E Pikes Peak Avenue, Colorado Springs, CO 80909

$400,000

Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. . clayton.primm@marcusmillichap.com,303-328-2075

Property Description

POTENTIAL CASH FLOW!!! with ASSUMABLE FINANCING (with Purchase of 6675 Camden, Fountain)!! Car Wash plus Drive-Thru Kiosk (has coffee tenant ready to sign lease) plus Double Billboard income ($800 per month, UNDER MARKET), 13%+ Cap Rate Potential Based on Historic Performance, 6 Self-Serve Bays, 6 Vacuum Stations, Old Automatic Bay used as storage now. NEEDS SOME LOVE. Assumable financing for Two-Carwash Portfolio includes 6675-6679 Camden Blvd, Fountain ($1,050,000 List Price), current balance for both @$970K – 4.48%, 2041 Maturity. Large 0.52 acres corner lot centrally located plus 12,000 Vehicles Per Day Along Pikes Peak Avenue. Please contact Listing Agent, Clayton Primm, at 303.590.4537 or clayton.primm@marcusmillichap.com for further information including marketing brochure.- UPSIDE POTENTIAL! 13+ Cap and MORE!

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