3500 Pio Nono AveMacon, GA 31206

Property Details for 3500 Pio Nono Ave

Year built

1987

Lot size

0.65 AC

Property size (Sq ft)

1,606 SF

Zone code

C-4

Property type

Self service car washes

APN

O094-0383

APU

O0940383

Description

This exceptional self-service car wash in Macon, Georgia, is coming to auction October 14th-16th, 2024, with a starting bid of $75,000. The property boasts a prime location on Pio Nono Ave, experiencing approximately 115,000 vehicles daily, ensuring high visibility and accessibility. The 3,000 square foot facility features four bays and a double changer with five vacuums, situated on a spacious 0.69-acre lot. This value-add opportunity is priced below replacement cost and benefits from a strong historical sales performance. Located in Bibb County, the car wash serves a thriving community with approximately 79,071 residents and 30,969 households within a 5-mile radius, providing a substantial and diverse customer base. This presents a compelling investment opportunity with significant potential for revenue generation and long-term success. The property's strategic location and established customer base make it an attractive asset for investors seeking a profitable venture in a high-traffic area. Detailed financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $300,282

  6.5%

  $277,184

  7%

  $257,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $789,431

  Geo Method

  $789,431

• Alternative Use

  Use

  Valuation

  Residential

  $233,815

  Hospitality

  $214,173

  Educational

  $178,189

  Medical

  $184,318

  Retail

  $277,184

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.7994

Longitude

-83.6644

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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