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316 W Lennon, Emory, TX 75440

None · Rains County

Key Facts

1,260Sq Ft
1980Year Built
0.22Lot (acres)
1Stories

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.

Property Information

Property Type

Commercial Sale

Sub-Type

Business

Year Built

1980

Stories

1

Living Area

1,260 sq ft

Lot Size

0.22 acres

Days on Market

98

MLS® Listing#

21231066

Property Features

Cooling

None

Heating

None

Flooring

Concrete

Parking

Asphalt

Construction

Other

Foundation

Slab

Roof

Metal

Water Source

Public

Financial Details

Annual Taxes

$1,873

Parcel Number

R20479

Directions

On HWY 69 - GPS will take you there - Roy's Car wash

Affordability Calculator

$40,000

Estimated monthly payment

$1,064/mo

Principal $160,000 · Est. interest $223,214 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Emory, TX

$546,667
Median Listing Price
82
Median Days on Market
2,049
Median Sq Ft
$249
Median Price / Sq Ft
84
Active Listings
  • This home’s price is 63% below the area median.
  • Its price per sq ft is 36% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Emory, TX.

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EXIT Agents in Emory

Dallas MLS - N.T.R.E.I.S. logo

Listing Courtesy: Golden Realty Group LLC - 903-206-2586

Presented by: Genevieve Golden

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

Last Updated: 2026-04-07

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Metrotex Association Of Realtors. MLS® Listing#21231066. © 2026EXIT Realty®. All rights reserved.