Self-Service Car Wash with Six
223 Oaklawn Ave Corsicana, TX 75110
223 Oaklawn Ave, Corsicana, TX, 75110
$449,000
For Sale
$449,000
Established car wash with six wash bays and four vacuum bays, plus office and storage on Oaklawn Ave.
Property Size2,112 SF
Lot Size0.71 Acres
Price / SF$212.59
Days on Market57
Property Features for 223 Oaklawn Ave
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Lot size
- 0.71 Acres
Listing Agency
Keller Williams Lonestar DFW
(817) 795-2500
Listed by
Laura Smith · License #0645005
(817) 795-2500
Source
Exprealty
Added: May 26 Updated: Jul 10 at 2:01 pm Checked: Jul 20 at 8:25 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Lonestar DFW
Investment Insights
Based on property information with market context.
This for-sale property is an established self-service car wash designed for on-site customer use. The site includes six wash bays, four vacuum bays, and a small office space, along with an additional storage building to support day-to-day operations.
Located at 223 Oaklawn Ave in Corsicana, TX, the car wash is positioned on Oaklawn Drive in a high-traffic area. The property benefits from visibility to passing motorists and sits near residential neighborhoods and retail, supporting convenient access for customers who are already in the area.
For buyers and operator-users, the layout supports a streamlined self-service model with separate wash and vacuum bays, on-site office space, and storage. With the core infrastructure already in place, it offers a practical option for those seeking to own a functioning automotive-related facility in a busy commercial corridor.
Located at 223 Oaklawn Ave in Corsicana, TX, the car wash is positioned on Oaklawn Drive in a high-traffic area. The property benefits from visibility to passing motorists and sits near residential neighborhoods and retail, supporting convenient access for customers who are already in the area.
For buyers and operator-users, the layout supports a streamlined self-service model with separate wash and vacuum bays, on-site office space, and storage. With the core infrastructure already in place, it offers a practical option for those seeking to own a functioning automotive-related facility in a busy commercial corridor.
Key Highlights
- Established self‑service car wash on busy Oaklawn Drive in Corsicana
- Approximately 0.71 acres with 6 wash bays and 4 vacuum bays
- Includes small office space on‑site
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
Self service car ...
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FAQs
What type of property is this?
Self service car wash - Established car wash with six wash bays and four vacuum bays, plus office and storage on Oaklawn Ave.
Where is this self service car wash located?
The property is located at 223 Oaklawn Ave 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 busy Oaklawn Drive in Corsicana; Approximately 0.71 acres with 6 wash bays and 4 vacuum bays; Includes small office space on‑site
