BlueWave Express Car Wash purchased property that once housed Copperas Cove’s Casa Ole restaurant earlier this month, but is waiting to redevelop the site.
“We closed on the property, and we are putting the store on hold right now,” said Bryan Hall, real estate director for the car wash business. “We have several sites that we are land banking.”
Details about the sale of the 1-acre site at 2730 E. U.S. Highway 190 were not released.
The Coryell County Central Appraisal District, however, listed the value of the site at about $800,000 for property tax purposes.
The land is worth about $433,000, while the building is worth about $358,000, according to the district’s website.
Hall didn’t know when the company would build a drive-thru car wash that recycles its water, but he said the location would be great for the future car wash system.
“The relocation of the H-E-B store and the Wal-Mart,” helped drive the purchase, he said. “We like to be next to a lot of retail needs. There is a lot of traffic there. It is a good piece of real estate.”
BlueWave Express is a startup company with locations mainly in the Dallas-Fort Worth and Houston areas, Hall said.
The company is currently expanding into the Rio Grande Valley with three stores now open and plans for four others.
The Cove site could be the company’s first in Central Texas.