2806 Richmond Rd - $1 Auction - REIT Sale | Former Zips Car Wash 3,216 SF Specialty Building Offered at $150,000 in Texarkana, TX 75503

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail/service property with an existing car wash facility located at 2806 Richmond Road in Texarkana, Texas 75503 (the “Property”). Formerly occupied by Zips Car Wash, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for owner-users, investors, and developers to acquire a highly visible commercial asset in a main retail corridor with substantial value-add potential. FIRST BID MEETS RESERVE!
Originally constructed in 2010, the Property consists of a ±3,216-square-foot, one-story building featuring a retail/service component, attached automatic car wash tunnel, and vacuum bays. The improvements are situated on a ±0.4572-acre parcel (±19,925 SF) with eight surface parking spaces and direct access from Richmond Road, one of Texarkana’s primary commercial corridors with traffic volumes exceeding 29,000 vehicles per day. The existing improvements provide an opportunity for continued car wash operations, adaptive reuse, or repositioning to alternative retail, automotive, service-oriented, or commercial uses. Located within Texarkana’s established Richmond Road retail corridor, the Property benefits from proximity to numerous national retailers, restaurants, healthcare providers, and regional employment drivers. The surrounding trade area serves as a regional retail destination generating consistent consumer traffic throughout the region. According to CoStar, retail rents within the submarket range from approximately $14 to $16 per square foot NNN, supporting meaningful upside potential through lease-up, repositioning, or redevelopment strategies. The Property is zoned GR (General Retail District), permitting a broad range of retail, commercial, automotive, and service-related uses. Combined with its existing infrastructure, strategic location, and below-replacement-cost basis, the Property offers exceptional flexibility for prospective users, investors, and developers seeking to capitalize on one of Texarkana’s most established commercial corridors.
Texarkana serves as the primary retail and commercial hub for a multi-state trade area spanning Northeast Texas, Southwest Arkansas, Southeast Oklahoma, and Northwest Louisiana. The Property is strategically positioned along Richmond Road, the area’s dominant retail corridor, and benefits from excellent visibility and accessibility with convenient access to Interstate 30 (±1 mile), Interstate 369 (±2 miles), and Texarkana Regional Airport (±20 minutes). This highly accessible location supports strong regional traffic flow and places the Property within one of the market’s most active retail corridors. The surrounding area features a dense concentration of national retailers, restaurants, and service providers, including Sam’s Club, Target, Walmart Supercenter, The Home Depot, Kohl’s, PetSmart, Best Buy, Walgreens, Starbucks, Chick-fil-A, Raising Cane’s, and numerous additional national brands. The Property is located one block from a Sam’s Club-anchored shopping center and caddy-corner to Richmond Ranch Shopping Center, generating significant daytime traffic and reinforcing the corridor’s role as the region’s primary retail destination. Additional demand drivers include Central Mall, Cinemark Texarkana 14, major healthcare providers, and numerous office, hospitality, and commercial users throughout the trade area. Within a ±3-Mi trade area, the population exceeds ±11K residents with an average household income (AHHI) of above ±$142,500, while the ±5-Mi trade area expands to more than ±29,612 residents with an AHHI over $104k, providing a substantial and growing customer base.