506 Junction Hwy Kerrville, TX 78028
- Commercial real estate
- 5,448 SF
- 0.53 lot acres
Current Use by Public Records
- Texpress Car Wash / Car Wash
- Express Wash America / Car Wash
Property Details for 506 Junction Hwy
- Year built
- 1998
- Lot size
- 0.53 lot acres
- Property size
- 5,448 SF
- Property type
- Commercial real estate
- APN
- 40618
- APU
- 40618
Description
Exceptional opportunity to acquire the established TExpress Car Wash in Kerrville, Texas. This single-story, 5,148 square foot facility sits on a 0.53-acre lot at 506 Junction Hwy, 78028, a prime location on a major arterial road. The property boasts nearly 1,360 unlimited wash club members, providing a strong existing customer base. In 2023, revenues approached $640,000, with EBITDA exceeding 60% of sales, demonstrating significant profitability. The car wash is equipped with state-of-the-art technology, minimizing operational challenges. This turnkey operation benefits from its position in a high-traffic retail corridor, surrounded by major brands like Walmart, H-E-B, and numerous fast-food restaurants. The absence of competing national car wash brands presents a unique opportunity for market dominance in Kerrville. This is a rare chance to acquire a profitable, established business with low barriers to entry and significant growth potential. The asking price is $2,149,000, with a price per square foot of $417.44. The property features 5,148 square feet of air rights.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $460,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $851,000
Market price range: $258k - $911k
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Location Insight
- Map
- Local Demand
- City
- Kerrville
- County
- Kerr
- State
- Texas
- Longitude
- -99.1556
- Latitude
- 30.0555
- CBSA code
- 28500
- CBSA name
- KERRVILLE, TX MICROPOLITAN STATISTICAL AREA