Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3067 805 N Parkway Dr is a 2,624-square-foot former express car wash facility situated on a 0.78-acre commercial parcel in Alvarado, within Johnson County and the broader Dallas–Fort Worth metroplex. Constructed in 2020, the property features modern improvements and existing infrastructure that can support a variety of adaptive reuse strategies. While originally designed for express car wash operations, the site presents a compelling opportunity for investors or owner-users to repurpose the improvements or pursue redevelopment to alternative commercial uses. The property is strategically located along a well-trafficked commercial corridor with strong visibility and access, and benefits from immediate proximity to Interstate 35W, which carries more than 48,000 vehicles per day. The surrounding area includes a mix of national retailers, service-oriented businesses, and expanding residential communities, supporting strong underlying consumer demand. The site’s pad configuration, access points, and commercial zoning create flexibility for a wide range of retail, automotive, medical, or service-oriented redevelopment concepts. This offering presents a rare opportunity to acquire a recently constructed asset in a high-growth North Texas corridor with significant repositioning potential. Supported by strong regional population growth, expanding commuter traffic, and proximity to major transportation infrastructure, the property is well-positioned for investors seeking to unlock value through repurposing, re-tenanting, or redevelopment.