508 Palestine St Athens, TX 75751
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.