For Sale
$420,000

3155 River RdAmarillo, TX 79107

High-Yield, Turnkey Car Wash Business

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • $420,000 asking price for a turnkey car wash operation.
  • Seven car wash bays across two Amarillo, Texas locations.
  • Proven six-figure annual revenue with a 28.21% cap rate and $118,500 NOI.
  • Well-established customer base ensures consistent income.
  • Significant growth potential in a thriving industry.

Property Details for 3155 River Rd

Property type
Specialty properties, Car washes
Square Feet
2,000 SF
Year Renovated
2024
Buildings
3

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.2475708
Longitude
-101.8309759
3155 River Rd, Amarillo, Texas

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3155 River Rd
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