Property Details for 301 Loop

Lot size

0.71 lot acres

Property size

3,500 SF

Property type

Specialty properties

Property subtype

Car washes

Description

This exceptional investment opportunity presents a well-established, owner-user car wash in Tyler, Texas. The 3,500 square foot facility sits on a 0.71-acre lot and boasts a prime location on South Southwest Loop 323, a major north-south arterial road with over 33,000 vehicles passing daily. Its strategic placement near Tyler High School and a Walmart Supercenter ensures high visibility and consistent customer traffic. The surrounding area is densely populated with national and local retailers, including McDonald's, CVS, Whataburger, Walgreens, Big Lots, and more, creating a strong customer base. The car wash itself, operating since 2011, provides a quick and efficient wash experience with state-of-the-art equipment and free self-serve vacuums, complemented by popular monthly pass plans. Its proximity to other schools, including Tyler Legacy High School, Woods Elementary Intermediate School, Bishop Thomas K. Gorman Catholic School, and Tyler Junior College, further enhances its appeal. The asking price is $2,500,000, representing a price per square foot of $714.29. This fee-simple ownership offers significant tax advantages through accelerated bonus depreciation. This is a rare opportunity to acquire a profitable, established business in a high-growth area.

Location Insight

City

Tyler

County

Smith

State

Texas

Longitude

-95.3447

Latitude

32.3496