5907 Broadway AveGalveston, TX 77551

Property Details for 5907 Broadway Ave

Year built

2023

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional investment opportunity presents two newly constructed express car washes in Galveston, Texas, built in 2023 and 2024. The portfolio includes both the businesses and the real estate, offering a unique owner-user opportunity. Located on major thoroughfares, these strategically positioned car washes benefit from high visibility and excellent access. The 5907 Broadway Avenue J location boasts over 42,500 vehicles passing daily and features a 140-foot tunnel with state-of-the-art Sonny's equipment, a DRB POS system, and 27 vacuum stations. Surrounding retail includes Big Lots, Anytime Fitness, and numerous other national chains. The 2712 61st Street location, fully renovated in 2023, benefits from consistent sales and a substantial membership base of over 2,000, providing a stable foundation for growth. Nearby retailers include Randalls, Walgreens, and other popular businesses. This portfolio offers a dominant market share in a low-competition market within the thriving Galveston area, home to numerous attractions and situated conveniently near major Texas cities via Interstate 45. The properties are currently vacant, presenting a blank canvas for a new owner to capitalize on the existing infrastructure and strong market position. The asking price for this exceptional portfolio is $11,695,000.

Location Insight

City

Galveston

County

Galveston

State

Texas

Latitude

29.2887

Longitude

-94.8337

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