Property summary
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.
Property profile
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Car Wash
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
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