5803 FM 1960 Rd E - Freestanding FOR SALE


Humble, TX 77346- Atascocita
$1,100,000 USD
832-295-0770
5803 FM 1960 Rd E, Humble, TX for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

5803 FM 1960 Rd E
Humble, TX 77346
Atascocita


OVERVIEW

Fully-renovated, profitable, cash-flowing, mixed-use commercial property containing a 3,095 SF fully-occupied shopping center and a 6-bay self-service car wash. The property is located in the highly-desirable Atascocita/Lake Houston/Kingwood/Humble submarket, situated on 18,002 SF (0.4122 Acres), with frontage and 2 driveways on high-traffic FM 1960. The shopping center contains five 619 SF suites. Three tenants are currently under long-term (5 years or longer) leases at market rates, with expense reimbursement for property taxes and insurance. One tenant is month to month. The final suite was recently vacated by a long term tenant and is currently for lease (under negotiation). The car wash has been operated by the landlord since acquisition in April of 2023, and enjoyed 10% revenue growth in 2024, which continued in 2025. 2026 is expected to bring the highest profits since acquisition. The car wash provides flexibility for a buyer to continue operating it themselves or lease it to an operator, and add additional revenue streams including vending, hand car wash, and other services. The property is a candidate for buyers seeking US operating businesses for visa purposes. The entire property was fully renovated in 2023-2024. Major items are listed below: 1. Power-washed and painted with marine paint for corrosive environments; 2. All credit card machines replaced with Monex touch-screen, tap-to-pay terminals with Apple Pay, Google Pay, and more; 3. All in-bay coin acceptors replaced with latest IDX X-12 XMark Xeptors; 4. All in-bay guns, brushes, and hoses (both HP and regular) replaced with new equipment; 5. All changers/validators either replaced; 6. Pylon sign and shopping center lighting converted to LED; 7. All in-bay signs replaced; 8. All flowJet air pumps replaced in control room; 9. All 6 motors and Cat Pumps serviced in 2024 (1 replaced with new); 10. Most vacuums serviced (6 motors replaced with new); 11. Electrical and plumbing upgrades in control room; 12. Additionally, each of the three long-term lease tenants invested over $20,000 in interior build-out of their suites. Financials and other information available upon request, with confidentiality agreement.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

What the Foam Car Wash

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

None

APN/PARCEL ID

0451260000112

ASK ABOUT THIS PROPERTY

Saeed TellawiAmaral Tellawi Real Estate LLCMore Info
832-295-0770

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Saeed TellawiAmaral Tellawi Real Estate LLCMore Info
832-295-0770

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