206 Winchester Dr Tyler, TX 75701
- Car washes
- 2,412 SF
- 0.87 lot acres
Current Use by Public Records
- Tyler Laser Wash / Car Wash
Property Details for 206 Winchester Dr
- Year built
- 1999
- Lot size
- 0.87 lot acres
- Property size
- 2,412 SF
- Property type
- Car washes
- APN
- 1-50000-1010-06-017060
- APU
- 150000101006017060
Description
This turnkey car wash in Tyler, Texas, presents a lucrative investment opportunity for both owner-operators and passive investors. The 4,000 square foot facility, built in 1999 and extensively renovated in 2024, sits on a 0.86-acre lot at 206 Winchester Dr, Tyler, TX 75701. The property boasts two self-automated touchless tunnels equipped with FRP panels, minimizing vehicle damage and maximizing customer satisfaction. Six coin-operated covered vacuums provide additional revenue streams, complemented by the potential for growth through monthly subscription services. Over $65,000 in capital improvements were made within the last two years, ensuring a modern and efficient operation. The strategic location off Broadway Avenue benefits from high traffic volume, exceeding 28,000 vehicles daily on Winchester and South Broadway, and serves a substantial population base of over 100,000 residents within a five-mile radius. The property's strong financial performance is evident in its current NOI of $123,202 and a pro-forma NOI of $10,315,978. This two-story building is a single structure, offering a streamlined and manageable operation. The property's APN is 15000-0101-00-6017060. This is a rare opportunity to acquire a well-established, high-performing car wash in a prime location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.2994
- Latitude
- 32.3083
- CBSA code
- 46340
- CBSA name
- TYLER, TX METROPOLITAN STATISTICAL AREA
