Existing business with instant cash flow and huge potential for greater return with car wash activation, rental income and laundromat facility. Situated on FOUR lots in the Business District of Penrose, Colorado approximately 12 miles east of Canon City, this property includes (2) Power hookups, (2) Natural gas hook ups, (2) Sewer taps, (2) Water taps. One of the water taps is a ¾ " line to the carwash and is considered a domestic tap. One of the water taps is a 1 ½" line that connects to the laundromat. Both taps come off a 4" main line across the street. The carwash is dormant right now pending the replacement of an upgraded coin mechanism that will accept credit card transactions. The laundromat has (10) working washing machines and (6) working dryers, however, there's opportunity to upgrade machines/dryers for more capacity and revenue. There is an apartment in the back of the laundromat that can be used as rental income and includes a backyard and air conditioning. Located next to the VFW and close proximity to the Penrose Park & Recreation District, School, Post Office, Grocery Store, and Restaurants, this is a perfect opportunity to improve upon an existing business or start a NEW one of your own! Listing agent is related to the Seller.
Penrose is located in Colorado. Penrose, Colorado has a population of 3,305. Penrose is more family-centric than the surrounding county with 33.79% of the households containing married families with children. The county average for households married with children is 25.17%.
The median household income in Penrose, Colorado is $69,673. The median household income for the surrounding county is $53,411 compared to the national median of $69,021. The median age of people living in Penrose is 41.3 years.
The average high temperature in July is 90.7 degrees, with an average low temperature in January of 18.1 degrees. The average rainfall is approximately 15 inches per year, with 30.7 inches of snow per year.
