For Sale
$450,000

9621 Fm 1283 Lakehills, TX 78063

High-Cap Rate, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a thriving, self-service car wash and laundromat located at 9621 FM 1283 in Lakehills, Texas, 78063. The property boasts a substantial 32,234 square feet on a 0.74-acre lot, offering significant potential for growth. Built in 2014, the facility includes a three-star rated car wash and a 504 square foot laundromat building. The property enjoys a prime location just off FM-1283, providing convenient access for customers. Situated outside city limits in Bandera County, this location offers operational advantages. The property's strong financial performance is highlighted by a 9.56% capitalization rate and a net operating income (NOI) of $43,000. The asking price is $450,000. The property is zoned OCL. Simple value-add opportunities exist through the addition of credit card readers and expansion of the laundromat business. This turnkey operation presents a compelling investment opportunity with significant upside potential. The property is approximately a 50-minute drive from San Antonio, offering access to a larger customer base. This is a rare chance to acquire a well-established and profitable business in a desirable location.

Highlights

  • Exceptional investment opportunity: Self-service car wash and laundromat in Lakehills, TX.
  • 32,234 SF building on 0.74-acre lot, built in 2014.
  • Prime location off FM-1283 in Bandera County (outside city limits).
  • 9.56% capitalization rate, $43,000 NOI, $450,000 asking price.
  • OCL zoning; simple value-add potential (credit card readers, laundromat expansion).

Property Details for 9621 Fm 1283

Property type
Specialty properties, Car washes
Square Feet
32,234 SF
Year Built
2014
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Lakehills
County
Bandera
State
Texas
Latitude
29.6018944
Longitude
-98.9301618

FAQs

What type of property is this?
Specialty property - High-Cap Rate, Turnkey Operation
Where is the specialty property located?
The property is located at 9621 Fm 1283 Lakehills, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Self-service car wash and laundromat in Lakehills, TX.; 32,234 SF building on 0.74-acre lot, built in 2014.; Prime location off FM-1283 in Bandera County (outside city limits).
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9621 Fm 1283
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message