3124 Collinsworth StFort Worth, TX 76107

Property Details for 3124 Collinsworth St

Year built

1989

Lot size

0.90 AC

Property size (Sq ft)

8,509 SF

Property type

Car washes

APN

6390-1-2

APU

639012

Description

Exceptional opportunity to acquire a highly profitable car wash business located at 3124 Collinsworth St, Fort Worth, TX 76107. This 8,509 square foot facility, built in 1989, boasts a prime location on University in Fort Worth, with no nearby competition. The property features a 140-foot long, 18-foot wide tunnel, updated equipment including a dual-sided machine (the only one in DFW), and a Mobil 1 lube shop – the only one in Fort Worth. The facility includes prefabricated concrete buildings with an iconic tower, a gift shop/lobby with high-end finishes, and four 24-foot curb cuts for efficient traffic flow. The business benefits from a strong online presence, including a high number of authentic local Facebook likes and top Google reviews in Fort Worth. The current operation is hands-off, focusing on reputation and revenue, with significant potential for increased profitability through improved cost management and operational strategies, such as implementing VIP membership plans or a flex-serve model. The property is zoned for a car wash, ensuring long-term viability. The asking price is $9,495,000, representing $1,115.88 per square foot and $4,747,500 per unit. This is a unique opportunity to acquire a well-established, high-performing car wash in a rapidly developing area. The sale includes all equipment except for a specified rectangular wood pedestal and display table.

• CAP approach

  CAP return

  Valuation

  6%

  $3,445,956

  6.5%

  $3,180,882

  7%

  $2,953,676

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,867,555

  Geo Method

  $6,419,724

• Alternative Use

  Use

  Valuation

  Residential

  $2,683,193

  Hospitality

  $2,457,791

  Educational

  $2,044,853

  Medical

  $2,115,178

  Retail

  $3,180,882

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7265

Longitude

-97.3625

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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