9621 Fm 1283 Lakehills, TX 78063
- Specialty properties
- 32,234 SF
- 0.74 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 9621 Fm 1283
- Year built
- 2014
- Lot size
- 0.74 lot acres
- Property size
- 32,234 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a thriving, self-service car wash and laundromat located at 9621 FM 1283 in Lakehills, Texas, 78063. The property boasts a substantial 32,234 square feet on a 0.74-acre lot, offering significant potential for growth. Built in 2014, the facility includes a three-star rated car wash and a 504 square foot laundromat building. The property enjoys a prime location just off FM-1283, providing convenient access for customers. Situated outside city limits in Bandera County, this location offers operational advantages. The property's strong financial performance is highlighted by a 9.56% capitalization rate and a net operating income (NOI) of $43,000. The asking price is $450,000. The property is zoned OCL. Simple value-add opportunities exist through the addition of credit card readers and expansion of the laundromat business. This turnkey operation presents a compelling investment opportunity with significant upside potential. The property is approximately a 50-minute drive from San Antonio, offering access to a larger customer base. This is a rare chance to acquire a well-established and profitable business in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakehills
- County
- Bandera
- State
- Texas
- Longitude
- -98.9302
- Latitude
- 29.6019
