311 S Timberland Dr - Car Washes FOR SALE


Lufkin, TX 75901
$2,350,000 USD
858-449-4503
311 S Timberland Dr, Lufkin, TX for Sale
$2,350,000 USD
Car Washes - FOR SALE
1/22
null | 6.13% Cap Rate

311 S Timberland Dr
Lufkin, TX 75901


HIGHLIGHTS

  • UNIQUE BUSINESS AND REAL ESTATE OPPORTUNITY
  • TAX ADVANTAGES – ACCELERATED DEPRECIATION
  • LARGE PARCEL – 1.26 ACRES
  • DOWNTOWN LOCATION – STRONG RETAIL TRADE AREA
  • HIGH TRAFFIC COUNTS
  • ECOMMERCE RESISTANT BUSINESS

OVERVIEW

UNIQUE OPPORTUNITY TO ACQUIRE BUSINESS AND REAL ESTATE • An excellent opportunity for an owner/user to acquire the business and the underlying real estate including the land, building and FF&E. • Owners ability to control their own destiny with ownership of the real estate, versus uncertainty of leasing. TAX ADVANTAGES – ACCELERATED DEPRECIATION • Under IRS Code Sections 179 & 168(k), these types of properties can qualify for business expense deductions up to 80 percent of the cost in the first year. Some car washes even qualify for “bonus depreciation” for personal property acquisitions in addition. ** INVESTCORE DOES NOT PROVIDE ACCOUNTING ADVICE, THIS IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE CONSULT CPA COVID-19 AND ECOMMERCE RESISTANT BUSINESS • The car wash industry one of the few Essential Services that were allowed to remain open for business throughout the pandemic LARGE 1.26 ACRE PARCEL - LOW PRICE POINT • Large parcel over 1 acre • Irreplaceable land, building and FF&E at this low price point HIGH TRAFFIC COUNTS • 17,862 cars per day DOWNTOWN LOCATION – STRONG HIGHWAY ACCESS • Ideally located in the heart of downtown Lufkin with multiple access points to State Highway Loop 287 STRONG RETAIL TRADE AREA SURROUNDED BY SEVERAL NATIONAL TENANTS • Subject property is ideally located along a main retail thoroughfare surrounded by several national tenants including Burger King, KFC, Starbucks, Firestone, Pizza Hut, Brookshire Grocery Store, Big Lots and several others.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Excel Car Wash Business and Real Estate

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Parking Lot, Auto Salvage Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

Commercial

APN/PARCEL ID

20710

ASK ABOUT THIS PROPERTY

Ed Colson, CCIMInvestCore CommercialMore Info
858-449-4503

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Ed Colson, CCIMInvestCore CommercialMore Info
858-449-4503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.