For Sale
$395,000

4504 Rancier Ave Killeen, TX 76543

Profitable Car Wash, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a thriving, self-service car wash located at 4504 E Rancier Ave, Killeen, TX 76543. The property boasts a 2,640 square foot building on a 1.267-acre lot, zoned B-3, offering significant redevelopment potential. Built in 1997, the single-story structure features a 16-foot ceiling height. Currently generating a NOI of $13,640 with a 3.45% cap rate, the pro-forma NOI is projected at $35,000, reflecting an 8.86% cap rate. The asking price is $395,000, translating to $149.62 per square foot. The land itself holds substantial value, estimated at $2-$3 per square foot. This high-cash-flow business benefits from its strategic location, with the nearest competitor a significant 4.3 miles away and surrounded by complementary businesses including Dollar General, EastLake Shopping Center, retirement communities, and apartment complexes. The property's high daily vehicle count (13,631 VPD in 2020) underscores its strong market position. The property includes APN numbers 168424 and 168425. This is a cash sale only

Highlights

  • High-cash-flow business.
  • Strong average daily traffic count of 13,631 vehicles (2020 data).
  • Minimal carwash competition within a 4.3-mile radius.
  • Excellent redevelopment or continued operation opportunity.
  • Strategic location near Dollar General, EastLake Shopping Center, retirement communities, and apartment complexes.

Property Details for 4504 Rancier Ave

Property type
Specialty properties, Car washes
Square Feet
2,640 SF
Year Built
1997
Buildings
1
Stories
1
Lot Size (sq. ft)
55,191 SF

Location Insight

City
Killeen
County
Bell
State
Texas
Latitude
31.1157646
Longitude
-97.6808186

FAQs

What type of property is this?
Specialty property - Profitable Car Wash, Redevelopment Potential
Where is the specialty property located?
The property is located at 4504 Rancier Ave Killeen, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: High-cash-flow business.; Strong average daily traffic count of 13,631 vehicles (2020 data).; Minimal carwash competition within a 4.3-mile radius.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4504 Rancier Ave
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