2946 Riverside DrMacon, GA 31204

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

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.

• 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

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

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