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OFF-MARKET
Specialty properties

4907 Avenue P Lubbock, TX 79412

2,961 SF 0.42 ac lot Built 1974
Property ID
Property summary
AI-generated overview

This fully operational car wash in Lubbock, Texas presents a unique owner-user opportunity. The 2,961 square foot facility, situated on a 0.42-acre lot (APN R67738), boasts eight wash bays and vacuum stations, operating 24/7 with a starting wash price of $1.50. Built in 1974 and extensively renovated in 2023, the property includes recent upgrades such as new hoses, wands, foam brushes, and troughs. Pumps and valves have been serviced, and four vacuums have been rebuilt. Customers can pay via cash or credit card, with a credit card system installed in 2023. Additional revenue streams are generated through a vending machine offering towels, air fresheners, tire shine, and Armor All. The property is zoned AC (Auto-Urban Commercial) and benefits from desirable tax advantages under IRS codes 179 & 168(K) – consult your tax advisor for details. This established business offers a steady income stream and significant potential for growth. The asking price is $449,000 ($151.64/sq ft). Located at 4907 Avenue P, Lubbock, TX 79412.

Property profile
Verified
Property type Specialty properties
Year built 1974
Total area 2,961 SF
Lot 0.42 ac (18,295 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 25¢ Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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