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1221 San Pedro Dr SE

1221 San Pedro Dr SE Albuquerque, NM 87108

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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..

For Sale

Investment
Other
Retail
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

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