1221 San Pedro Dr SE - Car Washes FOR SALE


Albuquerque, NM 87108
$450,000 USD
505-346-6006
1221 San Pedro Dr SE, Albuquerque, NM for Sale
$450,000 USD
Car Washes - FOR SALE
1/16
null | 9.34% Cap Rate

1221 San Pedro Dr SE
Albuquerque, NM 87108


HIGHLIGHTS

  • 6-Bay Car Wash
  • 6 JE Turbo Vacuums Installed in 2022
  • Seller Discretionary Earnings $42,000
  • Busy Location Near Kirtland AFB
  • Well Maintained
  • Excellent Visibility

OVERVIEW

Tiny Bubbles has been serving  the local community for more than two decades. This recently refurbished self-service car wash, built in 2002, is conveniently located near Gibson Blvd, just minutes from Kirtland Air Force Base and the Veterans Hospital.. Upgrades in 2022 include new JE Adams Turbo Vacuums, including one upholstery and fragrance combo, new Laurel Vending Machines, new American Changer bill changers, and new Hydro minders for all chemicals. The property grossed $79,300 in sales in 2023 and returned Seller Discretionary Earnings of $42,000, for an asking cap rate of +/-9.33%. The current owner employs part-time help. There is potential for increased owner return if the owner chooses to operate the property full time. The property has six self-service bays and 6 vacuum stations, coin changer, and dispensers for car wash accessories..

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

9.34%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

MX-L (formerly C-1)

APN/PARCEL ID

1-018-056-254031-3-06-04

ASK ABOUT THIS PROPERTY

Alfredo BarrenecheaAbsolute Investment RealtyMore Info
505-346-6006

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Alfredo BarrenecheaAbsolute Investment RealtyMore Info
505-346-6006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.