310 Greenway StThomson, GA 30824

Property Details for 310 Greenway St

Year built

1945

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

2,062 SF

Zone code

B2

Property type

Commercial real estate

APN

0T230 00000 119 000

APU

0T23000000119000

Description

This turnkey dry cleaning business located at 310 Greenway Street, Thomson, GA, presents a unique investment opportunity. The 2,145 square foot facility sits on a 0.15-acre lot and boasts a consistently positive cash flow since its acquisition in 2008. This success is attributed to a loyal customer base and the absence of direct competition within the immediate area. The business is equipped with modern, well-maintained equipment, all less than 10 years old, ensuring efficient and reliable operation. Included in the sale is the essential software for managing invoices, tags, and reports, streamlining daily operations. The business utilizes environmentally friendly DF2000 cleaning solutions, aligning with current sustainability trends and potentially attracting environmentally conscious customers. This established business offers a ready-made operation with a proven track record, minimizing the risks associated with starting a new venture. The asking price for this profitable enterprise is $259,000. This represents a compelling opportunity for an investor seeking a stable, cash-generating business with significant growth potential. The absence of local competition and the existing loyal customer base provide a strong foundation for continued success and expansion. All equipment is in excellent working condition, minimizing the need for immediate capital expenditures. This turnkey operation allows for a seamless transition and immediate revenue generation.

• CAP approach

  CAP return

  Valuation

  6%

  $519,859

  6.5%

  $479,870

  7%

  $445,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,764

  Geo Method

  $169,764

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $942,921

  Retail / Commercial

  $483,884

  Mixed-Use / Specialty

  $482,442

  Hospitality / Lodging

  $354,320

  Office

  $479,870

  Institutional / Educational

  $501,646

  Residential Income

  $586,926

  Multifamily

  $702,360

  Automotive / Energy

  $429,982

  Parking / Income-Based Land

  $148,102

  Restaurant / Food Service

  $251,525

  Healthcare / Senior Housing

  $494,445

Location Insight

City

Thomson

County

Mcduffie

State

Georgia

Latitude

33.4702

Longitude

-82.5021

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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