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170 N Kenazo Ave 5,100 SF Specialty Building Offered at $1,500,000 in Horizon City, TX 79928
Investment Highlights
- Low Competition – This site has little express wash competition in its direct market allowing for additional upside from new owner.
- Qualifies For Bonus Depreciation – Car washes qualify for bonus depreciation which can allow for much higher returns.
- Market Growth – Horizon City's population has increased by 11.28% since 2020 with an annual growth rate of 2.07%.
Executive Summary
Owner/User Opportunity – Opportunity to acquire the building, business and underlying real estate.
Attractive Price point – The offering price reflects the existing business's profitability and potential for future growth while still being below replacement cost allowing for cash flow from day 1.
Ideal Lot Size/Layout – The property is positioned on 1.00 acre of land and has an ideal layout which allows for a high-volume site and future growth.
Site Positioning – Tsunami Car Wash is directly in front of a large residential development with multiple other neighborhood projects in the immediate area.
Attractive Price point – The offering price reflects the existing business's profitability and potential for future growth while still being below replacement cost allowing for cash flow from day 1.
Ideal Lot Size/Layout – The property is positioned on 1.00 acre of land and has an ideal layout which allows for a high-volume site and future growth.
Site Positioning – Tsunami Car Wash is directly in front of a large residential development with multiple other neighborhood projects in the immediate area.
Property Facts
| Price | $1,500,000 | Lot Size | 1.07 AC |
| Price Per SF | $294.12 | Building Size | 5,100 SF |
| Sale Type | Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2016 |
| Property Subtype | Car Wash | Parking Ratio | 2.62/1,000 SF |
| Building Class | C | ||
| Zoning | zz4 - Special Purpose | ||
| Price | $1,500,000 |
| Price Per SF | $294.12 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.07 AC |
| Building Size | 5,100 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 2.62/1,000 SF |
| Zoning | zz4 - Special Purpose |
Amenities
- Signage
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | E074-000-0020-0150 | Improvements Assessment | $789,980 |
| Land Assessment | $196,020 | Total Assessment | $986,000 |
Property Taxes
Parcel Number
E074-000-0020-0150
Land Assessment
$196,020
Improvements Assessment
$789,980
Total Assessment
$986,000
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170 N Kenazo Ave
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