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761 W Round Grove Rd
Lewisville, TX 75067

Zoomerz Automotive · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,429 SF
Building Class
C
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.92 AC
Zoning
C
Parking
17 Spaces (10 Spaces per 1,000 SF Leased)

About 761 W Round Grove Rd , Lewisville, TX 75067

Prime location auto repair shop with property and a cap rate of 9.85% if rented out at market rent is available for acquisition. This business was established about 5 years ago in 2014 by the current owner of the business who has built everything from ground up. This 6,429 SF space of freestanding building is a fully-equipped automotive shop that is located next to a busy intersection with heavy traffic coming from nearby major highway and is surrounded by densely populated residential neighborhoods. Overall demographics of this business are mostly middle to upper-class individuals and families of mixed ethnicity as well as a large percentage of the customers being Blue-Collar workers from the surrounding area. Quite a few competitors are found in the immediate market area, but this business is located in a prime location with great visibility and has easy access to the store for customers compared to other competitors as well as having the biggest and finest facility which features a huge land space of 39,944 SF that has the 6,429 SF building with 14 bays. All equipment is a top-of-the-line and in great working condition. Currently, no marketing has been started by the current owner, but pro-active marketing in various methods including acquisition of new customers from untapped areas of the city is crucial to the further growth of this business. There are many ways to proactively market this business such as special deals, flyers, social media outlets and launching a business website, etc. This fully-equipped automotive repair shop offers full service repair such as oil change, alignment, brake service, tune-up, tires, wheels, state inspections, transmission, etc. in which all of the work is done on the premise. This business has done very well with its ground works, poised for next level growth. A potential buyer should be able to realize the growth by getting more involved in the day-to-day business operation and conducting pro-active marketing.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R630582
Land Assessment
$479,334
Improvements Assessment
$1,105,756
Total Assessment
$1,585,090
  • Listing ID: 16502646

  • Date on Market: 7/2/2019

  • Last Updated:

  • Address: 761 W Round Grove Rd, Lewisville, TX 75067

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