2014 Washington StStephenville, TX 76401

Property Details for 2014 Washington St

Year built

1954

Property size (Sq ft)

4,028 SF

Property type

Other commercial real estate

APN

R000031905

APU

R000031905

Description

Exceptional opportunity to acquire a thriving, single-story car wash in Stephenville, Texas. This 3,163 square foot facility, built in 2023, boasts cutting-edge technology and state-of-the-art equipment. Priced at $3,890,000 ($1,229.85/sq ft), this turnkey operation generated nearly $800,000 in revenue in 2023, with EBITDA representing almost 60% of sales. The business benefits from a substantial existing customer base of approximately 1,080 unlimited wash club members. Its prime location, just 500 feet from Tarleton State University (enrollment increased 11% in 2022-2023), provides access to a large student population and benefits from the university's ongoing $317 million development project. Situated on a high-traffic corridor (25,742 vehicles per day) with excellent access, the car wash is surrounded by major national retailers, including H-E-B, Walmart, and others. The Stephenville market currently lacks national car wash competitors, presenting a unique opportunity for market dominance. Significant population growth in the area (17.08% within 1 mile, 23.54% within 3 miles, and 23.31% within 5 miles over the last decade) projects continued expansion, ensuring long-term viability. This is a rare chance to acquire a profitable, established business with significant growth potential in a rapidly expanding market.

• Alternative Use

  Use

  Valuation

  Residential

  $1,270,173

  Hospitality

  $1,163,472

  Educational

  $967,995

  Medical

  $1,001,286

  Retail

  $1,505,770

Location Insight

City

Stephenville

County

Erath

State

Texas

Latitude

32.2104

Longitude

-98.2235

CBSA code

44500

CBSA name

STEPHENVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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