206 Winchester Drive
Tyler, TX 75701Sale Type
Traditional Listing
List Price
$950,000
- Property Type
- Specialty
- Year Built
- 1999
- Square Feet
- 4,000
Sale Type
Traditional Listing
List Price
$950,000
- Property Type
- Specialty
- Year Built
- 1999
- Square Feet
- 4,000
Overview
Facts
TWG at Bracket Real Estate Inc. is pleased to present for sale, the Lazer Wash in Tyler. Lazer Wash offers a high-quality wash experience with the use of a brushless system that minimizes scratches and swirl marks, enhancing customer satisfaction and repeat business. The facilities span 4,000 SF on .86 acres, featuring 2 self-automated touchless tunnels with FRP panels. Six coin-operated covered vacuums and opportunity for revenue growth through monthly subscriptions.
The property greatly benefits from being well-positioned in a dense urban land area consisting of national and local tenants, shopping centers, hospitality accommodations as well as academic institutions.
206 Winchester Dr offers above-market yield, prime retail corridor positioning, and value-add potential through operational enhancements or conversion to express format. Ideal for owner-operators or regional consolidators seeking a foothold in a growing East Texas market.
- Current NOI: ~$114,000 (based on reported cap rate and ask price)
- Turnkey laser wash, ideal for owner operator to immediately increase NOI or keep existing management for a passive investment
- Extensive Capital improvements ($65K) were completed overr the last 2 years
- Situated off of Broadway Ave, benefiting from 28,000 VPD. Over 100,000 residents within a 5-mile radius
- (2) self-automated touchless tunnels with FRP Panels
- (6) coin operated covered vacuums
- Asset Type
- Carwash · Specialty
- Year Built
- 1999
- Building Class
- C
- Building Size
- 4,000 SF
- Lot Size
- 0.86 Acres
- Zoning
- C-1
- Parcel
- 1-50000-1010-06-017060