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    508 Palestine St Athens, TX 75751

    For Sale
    $199,000

    Athens, TX: Profitable Car Wash Business

    Property size:
    100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment opportunity presents a well-established car wash situated on Highway 19 South in Athens, Texas. Boasting approximately 208 feet of highway frontage, this property benefits from one of the highest traffic counts in the city, ensuring consistent customer flow. The car wash itself comprises six wash bays and six vacuum bays, fully equipped with amenities such as vacuum cleaners, shampoo dispensers, air fresheners, vending machines, and two cash-change machines. Adding to the property's income stream is a monthly lease agreement with a Twice The Ice kiosk located on the property's corner, and an annual lease for a billboard. The property also features an advanced 8-camera surveillance system for enhanced security. The building encompasses 100 square feet on a sizable 0.8-acre lot. The seller is open to a triple-net lease arrangement, with lease terms negotiable. This turnkey operation offers a compelling investment prospect for those seeking a profitable and established business in a high-traffic location. The property's strong revenue streams, coupled with its prime location and comprehensive amenities, make it an attractive option for both owner-operators and investors. Serious inquiries are encouraged to explore this lucrative opportunity further. The asking price is $199,000.

    Property Features for 508 Palestine St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    100 SF
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1990
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.85429
    Latitude
    32.19736

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    FAQs

    What type of property is this?
    Commercial real estate - Athens, TX: Profitable Car Wash Business
    Where is this commercial real estate located?
    The property is located at 508 Palestine St Athens, TX.
    What is the asking price?
    The asking price for this property is $199,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Palestine St Athens, TX 75751
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