1529 E MILAM STREET, MEXIA, TX 76667

Homes for sale in Mexia.

Homes for sale in 76667.


1529 E Milam Street

Mexia, TX 76667

Status of the property has changed, please contact for details

List Price$725,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #20823375

2,918

Square Feet

1

Number of Units

Commercial

Type

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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$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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