REO Sale - Car Wash Facility With Equipment Listing Details & Market Data

Located at 5114 Wesley St, Greenville, Texas, which is 50 miles northeast of Dallas.REO Sale! Golden Group Real Estate proudly presents a turnkey, +/- 6,000 square-feet flex car wash facility with equipment located at 5114 Wesley St, Greenville, Texas, which is 50 miles northeast of Dallas. The site benefits from all utilities including water, sewer and electricity. It is very well-positioned along a busy road with high traffic counts and excellent visibility. A previous owner invested $455,000 to improve the property in 2019 (see page 5 of the attached OM). In the summer of 2022, the business failed due to mismanagement. The bank foreclosed and acquired the property on August 2, 2022, and the property has been vacant ever since. The property is offered at below-appraisal value and presents a rare opportunity to acquire a turn-key flex car wash facility at a discounted price. The site comes with the car wash equipment and some furniture but we make no representations or warranties, expressed or implied, on the quality of the car wash equipment; there are no certifications available. We are selling the property in AS-IS condition. The site is zoned GR, General Retail District, which is a district for the conduct of retail trade, including the customary secondary uses, and including wholesale trade or other general business uses. A carwash is permitted in the district and is considered its best and highest use. Despite slowing economy, the demand for car washes remains elevated in the area. Keywords: Foreclosure. Bank-Owned. Bank Owned.