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Property profile & analytics
OFF-MARKET
Car washes

508 Palestine St Athens, TX 75751

2,436 SF 0.51 ac lot Built 1980
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US82-7137549
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established car wash situated on Highway 19 South in Athens, Texas. Boasting approximately 208 feet of highway frontage, this property benefits from one of the highest traffic counts in the city, ensuring consistent customer flow. The car wash itself comprises six wash bays and six vacuum bays, fully equipped with amenities such as vacuum cleaners, shampoo dispensers, air fresheners, vending machines, and two cash-change machines. Adding to the property's income stream is a monthly lease agreement with a Twice The Ice kiosk located on the property's corner, and an annual lease for a billboard. The property also features an advanced 8-camera surveillance system for enhanced security. The building encompasses 100 square feet on a sizable 0.8-acre lot. The seller is open to a triple-net lease arrangement, with lease terms negotiable. This turnkey operation offers a compelling investment prospect for those seeking a profitable and established business in a high-traffic location. The property's strong revenue streams, coupled with its prime location and comprehensive amenities, make it an attractive option for both owner-operators and investors. Serious inquiries are encouraged to explore this lucrative opportunity further. The asking price is $199,000.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 1980
Total area 2,436 SF
Lot 0.51 ac (22,216 SF)
APN 2050-0066-011C-01
UPID US82-7137549
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jason Hale · 4 yrs held
Jason Hale
since 2022
3 recorded transactions
2025
Price N/A
2022
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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