756 King RdRiverdale, GA 30274

Property Details for 756 King Rd

Year built

1986

Lot size

0.36 AC

Property size (Sq ft)

3,200 SF

Zone code

C

Property type

Auto shops

APN

13-138D- F-020

APU

13138DF020

Description

This exceptional business opportunity presents a thriving car wash located at 756 King Road, Riverdale, Georgia. The 1,600 square foot building sits on a 0.13-acre lot and enjoys a prime location on a high-traffic street, boasting excellent visibility and accessibility. Its strategic placement near a mechanic shop, Interstate 85, numerous restaurants, and shopping centers ensures a consistent flow of potential customers. The property features two convenient garage doors, allowing for efficient operation and the capacity to service up to four vehicles simultaneously. Inside, the car wash includes a sizable office, a bathroom, and a comfortable waiting area equipped with a television and water dispenser. This well-maintained facility is currently operating under three active contracts with the City of Riverdale Police Department, Clayton County Sheriff Department, and Superior One Day Care. These established contracts can be transferred to the new owner, providing immediate revenue streams and a solid foundation for continued success. The versatility of the property allows for continued operation as a car wash or the potential for conversion to another suitable business venture. The asking price for this turnkey operation is $230,000. This presents a rare opportunity to acquire a profitable, established business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $598,321

  6.5%

  $552,296

  7%

  $512,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,572,964

  Geo Method

  $1,572,964

• Alternative Use

  Use

  Valuation

  Residential

  $465,882

  Hospitality

  $426,746

  Educational

  $355,047

  Medical

  $367,258

  Retail

  $552,296

Location Insight

City

Riverdale

County

Clayton

State

Georgia

Latitude

33.5785

Longitude

-84.4145

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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