2946 Riverside DrMacon, GA 31204
- Retail properties
- 3,614 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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