2946 Riverside DrMacon, GA 31204

  • Retail properties
  • 3,614 SF
For Sale
$1,800,000 View listing

Property Details for 2946 Riverside Dr

Year built
2005
Lot size
0.98 AC
Property size (Sq ft)
3,614 SF
Zone code
C-4
Property type
Retail properties
Property subtype
Other car washes
APN
O051-0232
APU
O0510232

Description

This exceptional car wash facility in Macon, Georgia, presents a lucrative investment opportunity. The 3,614 square foot property, built in 2005 and situated on a one-acre lot in a high-traffic area (24,500+ VPD in 2022), boasts a 1,995 square foot automatic car wash featuring recently updated equipment (June/July 2021). This includes a new 115-foot conveyor, tunnel controller, pay station, and pay hut from ICS, a leading provider of car wash technology. The facility also includes a 1,008 square foot self-service vacuum area with 15 high-powered Vacutech vacuums and a new canopy (June/July 2021). A 611 square foot office space was freshly painted in April 2023. The property features a large electric pylon sign for excellent visibility. Water reclaim tanks were pumped out in April 2023. The property is zoned C-4 and has a 2023 property tax bill of $11,253.72. This turnkey operation offers significant potential for continued growth and profitability. The asking price is $1,800,000, with a price per square foot of $498.06.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $675,728
    6.5%
    $623,749
    7%
    $579,196
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,776,466
    Geo Method
    $1,776,466
  • Alternative Use

    Use
    Valuation
    Residential
    $526,156
    Hospitality
    $481,956
    Educational
    $400,982
    Medical
    $414,772
    Retail
    $623,749
2946 Riverside Dr, Macon, Georgia

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.8831
Longitude
-83.6714
CBSA code
31420
CBSA name
MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,125
$187,744
$141,415
$329,159
-
$469,359
$353,537
$822,896

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