316 W LENNON, EMORY, TX 75440
Homes for sale in Emory.
Homes for sale in 75440.
316 W Lennon
Emory, TX 75440
List Price$205,000
Listing #21231066
About This Property
Prime Highway Frontage Car Wash -- Undervalued Opportunity with Serious Upside Opportunities like this don't come around often--not because of what it is today, but because of what it can become. Positioned on valuable highway frontage, this 3-bay self-serve car wash with vacuum stations offers immediate income. Currently operating as a modest, steady producer, this property is best viewed through an investor's lens. The real value is in the land. High-visibility highway frontage is becoming increasingly scarce, and national car wash operators prioritize sites just like this when expanding. This puts you in a powerful position to hold and collect income while values rise, enhance and increase revenue with strategic upgrades, or position for a future resale to a larger operator needing highway presence. This is where things get exciting. A buyer with vision could add a drive-through express tunnel wash, implement a monthly membership or subscription model, upgrade equipment for higher pricing power, and expand services to capture more traffic and repeat customers. With relatively straightforward improvements, this property could transition from a small income producer into a high-performing asset. From an investment standpoint, the options are clear: buy and hold while land appreciation does the heavy lifting, improve and scale using modern car wash trends, or land bank a premium highway location before inventory disappears. This isn't just a car wash--it's a strategic piece of real estate with built-in income and major upside potential. Whether you're looking to grow your portfolio, break into the car wash space, or secure a future redevelopment play, this property checks the boxes. Buy the land, collect the income, and create the upside.
Property Features
Location Information
County
Rains
Subdivision
None
Interior Features
Has Fireplace
No
Floors
Concrete
Heating
None
Tenant Pays
All Utilities
Cooling
None
Total Number of Units
1
Exterior Features
Construction
Other
Lot Size in Sq. Ft.
9,583
Foundation
Slab
Possible Best Use
Automotive, Other
Roof
Metal
Zoning
Commercial
Utilities
Water Available
Building Total Area (Sq. Ft.)
1,260
Parking Description
Asphalt
Road Description
Highway, All Weather Road, Asphalt
Lot Size in Acres
0.22
Is One Story
No
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
1873.0
Property SubType
Business
Lot Acres Source
Assessor
Year Built
1980
Similar Listings
Mortgage Calculator
$955
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$738
Monthly Tax
$170
Monthly Insurance
$47
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.
Schools
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