1529 E MILAM STREET, MEXIA, TX 76667
Homes for sale in Mexia.
Homes for sale in 76667.
1529 E Milam Street
Mexia, TX 76667
List Price$725,000
Listing #20823375
About This Property
GREAT OPPORTUNITY TO OWN A BUSY CAR WASH ON HIGHWAY 84, MEXIA ACROSS WAL-MART! The Royal Car Wash with it's excellent location and traffic count on Hwy 84 in Mexia is ready for a New Owner. The concrete square footage is 19,940 and sits in a premium location with a Car Lot to the East, Storage Units to the North accessed by an easement, Mexia Pump & Motor to the West and directly across Hwy 84 from Centex Citizens Credit Union and Walk-Mart! Royal Car Wash was built in 2013 and has been well maintained. Royal Car Wash has 3 self serve bays, 1 touch free bay, 1 soft touch (currently needs repair), 6 vacuums with covered parking, extra covered parking, payment machine with Google and Apple pay ability, change machines, dispensing machines, Office with storage and full Bath with Shower and a security camera system. The business can be set up on a monthly membership as well. Seller has current survey from May 2024 showing 0.91 acres. With the acreage and the 19,940 concrete sf, there is room for expansion or to accommodate more bays or even a tunnel that is popular in car washes today. According to TxDOT the daily traffic count (as of 2023) on Hwy 84 or Milam which runs East & West through the heart of Mexia has 6,943 cars on the East and 12.883 cars on the West of this property. TxDOT is preparing to expand Hwy 84 from 3 lanes to 5 lanes in front of the Royal Car Wash. This will allow traffic to flow better and give more access to the turn lane to allow better egress and ingress. Mexia is 1½ hour to Dallas or Ft. Worth, 2½ hours to Houston or Austin, and 3½ hours to San Antonio. 93% of the United States population is accessible within 48 hours of Mexia via truck. Mexia truly is the Heart of the Texas Triangle.
Property Features
Location Information
County
Limestone
Subdivision
none
Interior Features
Has Fireplace
No
Floors
Concrete
Heating
Electric
Tenant Pays
None
Cooling
Electric
Total Number of Units
1
Exterior Features
Construction
Block, Concrete
Lot Size in Acres
0.91
Foundation
Slab
Lot Size in Sq. Ft.
39,639
Roof
Metal
Possible Best Use
Other
Water / Sewer
Cable Available, Electricity Connected, Overhead Utilities, Sewer Available, Water Available
Zoning
Commercial
Utilities
Cable Available, Electricity Connected, Overhead Utilities, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
2,918
Parking Description
Additional Parking, Circular Driveway, Common, Concrete, Drive Through, Detached Carport, Driveway, On Site, Oversized
Is One Story
No
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
6258.0
Property SubType
Business
Lot Acres Source
Other
Year Built
2013
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Mortgage Calculator
$3,385
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,612
Monthly Tax
$604
Monthly Insurance
$169
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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