311 S Timberland Dr - Excel Car Wash Business and Real Estate
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311 S Timberland Dr - Excel Car Wash Business and Real Estate
7,409 SF Specialty Building Offered at $2,500,000 in Lufkin, TX 75901
Investment Highlights
- UNIQUE BUSINESS AND REAL ESTATE OPPORTUNITY
- LARGE PARCEL – 1.26 ACRES
- HIGH TRAFFIC COUNTS
- TAX ADVANTAGES – ACCELERATED DEPRECIATION
- DOWNTOWN LOCATION – STRONG RETAIL TRADE AREA
- ECOMMERCE RESISTANT BUSINESS
Executive Summary
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.
• 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.
Property Facts
| Price | $2,500,000 | Property Subtype | |
| Price Per SF | $337 | Lot Size | 1.26 AC |
| Sale Type | Investment or Owner User | Building Size | 7,409 SF |
| Sale Conditions | No. Stories | 1 | |
| Property Type | Specialty | Year Built | 2000 |
| Price | $2,500,000 |
| Price Per SF | $337 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| Property Type | Specialty |
| Property Subtype | |
| Lot Size | 1.26 AC |
| Building Size | 7,409 SF |
| No. Stories | 1 |
| Year Built | 2000 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $234,010 | |
| Land Assessment | $167,040 | Total Assessment | $401,050 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$167,040
Improvements Assessment
$234,010
Total Assessment
$401,050
zoning
| Zoning Code | Commercial |
| Commercial |
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311 S Timberland Dr - Excel Car Wash Business and Real Estate
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