Weststar is pleased to present the income-generating and possible redevelopment opportunity at 1597 Peoria Street, currently a thriving three-lane car wash business. Just north of East Colfax Avenue in Aurora, Colorado, on the corner of Peoria Street and East 16th Avenue, this 7,400-square-foot corner lot can benefit the potential investor as both a stream of car wash revenue and a business and investment possibility. The area is in a constant state of exponential growth.
Located only a few blocks away on East Colfax is the large UCHealth Anschutz Outpatient Pavilion, UCHealth University of Colorado Hospital, and the UCHealth University of Colorado Anschutz Medical Campus, which is considered to be the largest academic health center in the Rocky Mountain region. This entire area got its tremendous start from a domino effect that occurred when the federal government decommissioned the original Fitzsimons Army Hospital, later called Fitzsimons Army Medical Center, located on 577 acres that first opened in 1918 and closed in 1999. From the turn of the century forward, these grounds were redeveloped for civilian use, exploding with activity. With it, the immediate area and surrounding areas became a highly transformational district and has not stopped growing to this day.
The seller has completed multiple improvements on the current property. With these improvements, an investor can immediately begin collecting operating income from an established base through this car wash business while working on a complete redevelopment of the site. The sale of this property will include a set of preliminary micro apartment multifamily plans and initial information from the city.