Hot Listing
Elite Auto Sales and Service
Business Description
Auto service center over $500K NOI / Yr turn key w/equip & Inventory
A unique and lucrative opportunity is available with the sale of two adjacent commercial properties located at 21601 and 21521 State Highway 71 West in Spicewood, Texas. Situated along one of the region’s busiest highways in the rapidly growing Texas Hill Country, this offering includes the land, buildings, operating automotive business, all associated equipment, and rental income from established tenants—making it an ideal investment for owner-operators or those seeking income-producing property with long-term upside. The Business is extremely profitable generating over $500K NOI/yr and a 22% CAP Rate. P&L statements are available upon request.
The first property, located at 21601 State Highway 71 West, features a 2,500 square foot commercial building on a one-acre lot. Built in 2004, the facility is fully equipped and currently operating as an automotive service business. It includes four service bays, retail or office space, exterior loading docks, and on-site parking for approximately 25 vehicles. With 127 feet of frontage on Highway 71, the property offers excellent visibility, monument signage, and 24-hour access. The sale includes the real estate, all equipment, and the existing business operation—allowing for a smooth transition with immediate income potential.
The adjacent parcel at 21521 State Highway 71 West consists of a one-acre lot with a 696 square foot building. This site currently hosts multiple food trucks that are collectively paying $5,000 per month in rent, providing reliable passive income. With no zoning restrictions, the property allows for flexible use and future development possibilities.
The two properties are being offered together at $2,250,000. However, each lot may be sold separately upon request, offering further flexibility to buyers. Combined or individually, these sites provide exceptional commercial potential in one of Central Texas’s most dynamic growth corridors.
The first property, located at 21601 State Highway 71 West, features a 2,500 square foot commercial building on a one-acre lot. Built in 2004, the facility is fully equipped and currently operating as an automotive service business. It includes four service bays, retail or office space, exterior loading docks, and on-site parking for approximately 25 vehicles. With 127 feet of frontage on Highway 71, the property offers excellent visibility, monument signage, and 24-hour access. The sale includes the real estate, all equipment, and the existing business operation—allowing for a smooth transition with immediate income potential.
The adjacent parcel at 21521 State Highway 71 West consists of a one-acre lot with a 696 square foot building. This site currently hosts multiple food trucks that are collectively paying $5,000 per month in rent, providing reliable passive income. With no zoning restrictions, the property allows for flexible use and future development possibilities.
The two properties are being offered together at $2,250,000. However, each lot may be sold separately upon request, offering further flexibility to buyers. Combined or individually, these sites provide exceptional commercial potential in one of Central Texas’s most dynamic growth corridors.
About the Business
- Years in Operation
- 10
- Number of Employees
- 7
- Facilities & Assets
- Two (1) Ac lots with 2500 SF service building including office and reception area. Parking for 25+ vehicles and several food trucks generating approx $5K/mo additional income. Turn-Key Sale includes all RE, Inventory and Equipment. Plenty of room for expansion or other buildings and businesses. Plans Convey
- Website
- https://www.elitecarcareandsales.com
- Market Outlook / Competition
- Prime location on the dynamic Hwy 71W growth corridor with no competition in the area. Serving the rapidly growing Spicewood community for over 10 years. This is 1 of the only auto service shops between Bee Cave and Spicewood.
- Opportunities for Growth
- 4 Existing service bays with plenty of room for more. Situated on two (1) Ac lots providing ample opportunities for expansion as well as space for other buildings or businesses. Food Truck leases convey - approx $5K/mo
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 2,500
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Current Owner will assist Buyer to ensure a smooth transition after closing. Broker will assist Buyer with offers & information and provide financing options.
- Financing Options
- Cash, Conventional, Possible Seller Financing w/substantial DP
Listing Info
- ID
- 2395236
- Listing Views
- 1592
Attached DocumentsAttachment Disclaimer
21601 HWY 71 CONDITION STATEMENT.pdf
Assets Inventory and Equipment Breakdown.pdf
Business Location
Listing ID: 2395236 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.