Self-Service Car Wash
223 Oaklawn Drive Corsicana, TX 75110
223 Oaklawn Drive, Corsicana, TX, 75110
$449,000
For Sale
$449,000
COMMERCIAL - Corsicana, TX
Property Size2,112 SF
Lot Size0.71 Acres
Price / SF$212.59
Days on Market30
Property Features for 223 Oaklawn Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 32757
- Size
- 2,112 SF
- Lot size
- 0.71 Acres
Taxes and HOA fees
- Tax Description
- C0000 CORSICANA BLK 319G LOT 1-A 0.71 ACRES
- Tax Annual Amount
- 3379
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick
- Roof type
- Metal
Listing agency
Keller Williams Lonestar DFW
(817) 795-2500
Listed by
Laura Smith · License #0645005
(817) 795-2500
Added: Jun 24 Checked: Jul 23 at 1:06AM
MLS# 21279207
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established self-service car wash is configured for quick customer use, featuring six wash bays and four vacuum bays. The property also includes an on-site small office space and an additional storage building to support day-to-day operations.
Located on Oaklawn Drive in Corsicana, the site offers visibility from a busy corridor. The lot is approximately 0.71 acres and includes a corner area leased for an ice machine that is not owned by the seller, with the lease generating $500 per month.
For owner-operators and investors seeking a turnkey automotive wash operation, the combination of wash bays, vacuum bays, and supporting office/storage space supports straightforward use without requiring immediate major buildout. The existing ice machine lease provides an additional, separately leased income component while leaving room for the wash operation to remain the primary focus of the site.
Located on Oaklawn Drive in Corsicana, the site offers visibility from a busy corridor. The lot is approximately 0.71 acres and includes a corner area leased for an ice machine that is not owned by the seller, with the lease generating $500 per month.
For owner-operators and investors seeking a turnkey automotive wash operation, the combination of wash bays, vacuum bays, and supporting office/storage space supports straightforward use without requiring immediate major buildout. The existing ice machine lease provides an additional, separately leased income component while leaving room for the wash operation to remain the primary focus of the site.
Key Highlights
- Established self‑service car wash on Oaklawn Dr in Corsicana on a 0.71‑acre lot
- 6 wash bays and 4 vacuum bays
- Metal roof; brick construction; concrete flooring
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.7k | $24.96 |
| − Vacancy | −$2.6k | −$1.25 |
| EGI | $50.1k | $23.71 |
| − OpEx | −$12.5k | −$5.93 |
| NOI | $37.6k | $17.78 |
2,112 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$536.6K
$469.5K – $626.0K
NOI $37,560 @ 7.0% cap · market cap 8.37%
Second Best
Retail
$500.8K
$438.2K – $584.3K
NOI $35,056 @ 7.0% cap · market cap 7.81%
Theoretical Best
Multifamily LT 5
$23.20M
$20.30M – $27.07M
NOI $1,624,177 @ 7.0% cap · market cap 361.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Oaklawn Dr Self ...
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - Established self-service car wash with six wash bays, four vacuum bays, and on-site office and storage.
Where is this car wash located?
The property is located at 223 Oaklawn Drive Corsicana, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Established self‑service car wash on Oaklawn Dr in Corsicana on a 0.71‑acre lot; 6 wash bays and 4 vacuum bays; Metal roof; brick construction; concrete flooring
