3155 Riv Rd Amarillo, TX 79107
- Self service car washes
- 1,898 SF
- 0.19 lot acres
Mar 26, 2021
Current Use by Public Records
- Self service car washes
Property Details for 3155 Riv Rd
- Year built
- 2005
- Lot size
- 0.19 lot acres
- Property size
- 1,898 SF
- Zone code
- R2
- Property type
- Self service car washes
- APN
- R-035-3480-0170
- APU
- R03534800170
Description
This exceptional investment opportunity features a portfolio of three buildings comprising a thriving Amarillo, TX car wash business. The property boasts seven car wash bays across two strategically located sites (3155 River Rd, 79107 and NE 24th Ave, 79101) in Potter County, generating a substantial net operating income (NOI) of $118,500, representing a compelling 28.21% cap rate. Recently renovated in 2024, this turnkey operation offers immediate income potential with a well-established customer base and significant growth opportunities. The total square footage ranges from 2,000 to 8,000 square feet, situated on commercially zoned land. This 100% ownership opportunity is priced at $420,000 and is structured for a 1031 exchange, making it an attractive option for investors seeking a profitable and easily managed business. The consistent six-figure annual revenue stream, combined with the established customer base and prime locations, presents a rare chance to acquire a highly profitable asset in a growing industry. This is an ideal investment for both experienced operators and first-time investors seeking a solid foundation for future expansion.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.831
- Latitude
- 35.2476
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
