2101 University AveDes Moines, IA 50311

For Sale
$485,000

High-cap rate auto shop & car wash.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 2,520-square-foot auto shop and car wash located at 2101 University Avenue in Des Moines, Iowa's desirable Drake neighborhood. Built in 1978, this property sits on a 0.364-acre lot and is zoned RX2 Mixed Use District. The facility boasts four drive-in stalls, ensuring efficient operation and convenient access for customers. Currently operating as a self-service car wash, this property offers a compelling 9.48% cap rate, promising immediate and substantial cash flow for investors. The attractive tax benefits further enhance the investment appeal. This property is ideal for both new and experienced investors seeking a profitable venture in a prime location. The asking price is $485,000. This is a rare chance to acquire a well-established business with significant upside potential in a thriving Des Moines neighborhood. Don't miss this opportunity to secure a strong return on investment.

Highlights

  • $485,000 asking price for this retail property.
  • 2,520 square foot auto shop and car wash.
  • 9.48% cap rate.
  • Built in 1978.
  • Located on a 0.364-acre lot in Des Moines, IA, zoned RX2 Mixed Use District.

Property Details for 2101 University Ave

Property type
Other retail properties, Automotive properties
Square Feet
2,520 SF
Year Built
1978
Lot Size (sq. ft)
15,856 SF

Location Insight

City
Des Moines
County
Polk
State
Iowa
Latitude
41.6007704
Longitude
-93.6458121
2101 University Ave, Des Moines, Iowa

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2101 University Ave
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