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Property Description
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.
Full Property Details
Full Property Details for 316 W Lennon
General
- Price: $205,000
- Taxes: $1,873
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21231066
- Updated: 4/7/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Car Wash
Interior
- Flooring: Concrete
Parking
- Parking Features: Asphalt
Location
- County: Rains
- Subdivision: None
- Driving Directions: On HWY 69 - GPS will take you there - Roy's Car wash
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Water: Public
- Utility Description: Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Other
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 1,260
- Sq. Ft. Source: Assessor
- Year Built: 1980
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,583.2
- Lot Size Source: Assessor
- Frontage: Highway, All Weather Road, Asphalt
- Potential Use: Automotive, Other
- Zoning: Commercial
Financial Considerations
- Tax Amount: $1,873
- Terms: Cash, Conventional, 1031 Exchange
- Tenant Pays: All Utilities
Disclosures and Reports
- Legal Description: A0155 MILLER BRICE .150 ACRES CAR WASH
- Inclusions: Building Only, Business, Inventory
- Property ID: R20479
Listed by Golden Realty Group LLC, Genevieve Golden
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Schools
Schools serving 316 W Lennon
School District:Rains Independent School District
| Name | Grades | Distance |
|---|---|---|
Rains Intermediate School 409 Fm 3299, Emory, TX 75440 | 3-5 | 1.6 mi |
Rains Elementary School 372 Fm 3299, Emory, TX 75440 | PK-2 | 1.8 mi |
Rains J High School 1751 West US Highway 69, Emory, TX 75440 | 6-8 | 1.7 mi |
Rains High School 1755 West US Highway 69, Emory, TX 75440 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 316 W Lennon
Date
Details
Price
Change
Source
4/07/2026
Listed
$205,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 316 W Lennon
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,418
—
$259,545
2%
2022
$4,417
—
$255,092
1%
2022
$4,417
—
$253,307
16%
2022
$4,417
-4%
$218,170
—
2021
$4,610
82%
$218,497
97%
2019
$2,528
—
$111,051
3%
2018
$2,526
1%
$107,745
—
2017
$2,511
-3%
$107,335
-2%
2016
$2,600
1%
$109,300
-1%
2015
$2,583
4%
$110,882
-3%
2013
$2,480
—
$113,963
5%
2013
$2,480
—
$108,327
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 316 W Lennon
316 W Lennon, Emory, TX 75440 (MLS# 21231066) is a Business property. 316 W Lennon is currently listed for $205,000 and was received on April 07, 2026. Want to learn more about 316 W Lennon? Do you have questions about finding other Business real estate for sale in Emory? You can browse all Emory real estate or contact a Coldwell Banker agent to request more information.

