8242 Fm-78 - Car Washes FOR SALE


San Antonio, TX 78244
$75,000 USD
305-206-1286
8242 Fm-78, San Antonio, TX for Sale
$75,000 USD
Car Washes - FOR SALE
1/13
null | Request Cap Rate

8242 Fm-78
San Antonio, TX 78244


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Zips Car Wash | 29K VPD | San Antonio MSA | 8.6% Population Growth | Walmart Shadow | AUCTION MAY 18-20
  • 2,526 SF Car Wash Facility and Vacuum Bays Building on 0.988 Acres, Shadow Anchored by Walmart
  • ±29,561 VPD Highway Traffic Counts | Just 3.5-Miles to I-10 and 5.5-Miles to Randolph Air Force Base
  • Exceptional Real Estate Value | Located in Dense Retail Corridor as User Opportunity or Potential Development
  • Nearby National Retailers: Walmart, Tractor Supply Co, Dunkin, Starbucks, Subway, Dollar Tree, Papa Johns, Great Clips, and more
  • Dense Market with Population of 217,082 and Average Household Income of ±$75,493 (5-Mile Radius, Esri)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building with car wash located at 8242 FM 78 in Converse, Texas 78109 (the “Property”). Previously occupied by Zips Car Wash, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for owner-users and investors to acquire a well-located commercial asset with meaningful value-add potential. FIRST BID MEETS RESERVE! Originally constructed in 2010, the Property consists of a one-story, free-standing building totaling ±2,526 square feet, featuring a retail/service component with an attached automatic car wash and vacuum bays. The Property is situated on a ±0.988-acre parcel (±43,037 SF) and includes 25 surface parking spaces, along with convenient access via a dedicated point of ingress and egress along Seguin Road/FM 78. Located within the Northeast Submarket of the greater San Antonio area, the Property offers a compelling opportunity to capitalize on strong market fundamentals and create value through repositioning and lease-up at market rates. According to CoStar, retail rents in the area range from approximately $23 to $28 per square foot NNN, supporting the potential for significant upside through lease-up or adaptive reuse. The Property is located in an area with unregulated zoning, allowing for a broad range of commercial uses and enhancing long-term flexibility and redevelopment potential. Converse is a rapidly growing suburban community within the San Antonio MSA, located in Bexar County along the city’s expanding Northeast corridor. The Property is strategically positioned along Seguin Road (FM 78), a primary commercial and commuter corridor carrying nearly ±30,000 vehicles per day (VPD), and offers convenient access to major transportation routes including Loop 1604 (±2.5-mi), Interstate 10 (±3.5-Mi), and Interstate 35 (±5-Mi), providing direct connectivity throughout the greater San Antonio metropolitan area. This highly accessible location supports strong regional traffic flow and positions the Property within one of the area’s most active growth corridors. The surrounding area features a strong concentration of national and regional retailers, including Walmart Supercenter (¼-mi), H-E-B, Tractor Supply, Walgreens, CVS, and a variety of quick-service and full-service restaurants, generating consistent daily traffic and reinforcing the corridor’s role as a primary retail node. The market is further supported by proximity to major employment drivers including Randolph Air Force Base which is part of Joint Base San Antonio (±5.5-Mi from the Property) and one of the region’s largest employment centers, which collectively support total force population of approximately 16,000 military and civilian personnel and drive significant economic activity. Additionally, the Property benefits from its location within a dense and expanding residential corridor, with continued population growth driven by new housing development and in-migration throughout Northeast San Antonio and Converse. Within a ±3-Mi trade area, the population exceeds ±120,200 residents with an average household income (AHHI) of approximately ±$96,454, while the ±5-Mi trade area expands to more than ±217,000 residents, providing a substantial and growing customer base. With its combination of strong demographics, proximity to major employment centers, and excellent regional accessibility, the Property is well positioned to capture demand from both local residents and the broader San Antonio market.

FOR SALE DETAILS

PRICE

$75,000 USD

PRICE/SF

$27 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - Former Zips Car Wash | 29K VPD

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

OCL

APN/PARCEL ID

05080-130-0040

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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