2550 Goliad Rd San Antonio, TX 78223-3912

Property Details for 2550 Goliad Rd

Year built

2003

Lot size

0.69 lot acres

Property type

Commercial real estate

APN

10866-000-0120

APU

108660000120

Description

This exceptional portfolio offers four established self-service car washes in San Antonio, Texas. Strategically located at 2550 Goliad Rd (78223), 2830 Rigsby Ave (78222), 1718 Goliad Rd (78223), and 1743 Rigsby Ave (78210), within Bexar County, this portfolio comprises a total of 38 bays. The asking price is $4,494,375, presenting a compelling 11.97% cap rate. This represents a significant opportunity to acquire immediate market share in a thriving MSA. The portfolio boasts a proven operating history exceeding 50 years, demonstrating consistent performance and established clientele. The properties offer an owner-user opportunity, allowing for the acquisition of the business, buildings, and underlying real estate. Furthermore, significant tax advantages are available through accelerated depreciation options under IRS Code Sections 179 & 168(k), potentially allowing for business expense deductions up to 80 percent of the cost and bonus depreciation in the first year. This portfolio provides a high return on investment, exceeding current financial market rates, making it an attractive proposition for discerning investors seeking a stable and profitable venture in the robust San Antonio market. The properties are classified as retail, with the subtype of Auto Shop.