1221 San Pedro Dr SE
1221 San Pedro Dr SE Albuquerque, NM 87108
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 +/-8.5%. 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..
Attachments
Links
For Sale
- Sale Price
- $450,000
- Price Per SF
- $180/SF
- Investment
- Yes
- Cap Rate
- 9.33%
- Gross Income
- $79,300
- Net Operating Income
- $42,000
- Building Size
- 2,500 SF
- Acres
- 0.5992 ac
- Zoning
- MX-L
- Zoning Description
- Mixed Use - Low Intensity
- Building Name
- High-Performing Self-Service Car Wash
- Floors
- 1
- Submarket
- Southeast Heights
- Average Occupancy Rate
- 100
- County
- Bernalillo
- Created
- 2024-07-25
- Updated
- 2024-10-04
- Listing ID
- 86fd2e57
- Parcel APN
- 101805625403130604