1810 Broad AveLanett, AL 36863

Property Details for 1810 Broad Ave

Year built

1988

Lot size

1.30 AC

Property size (Sq ft)

1,071 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

12-10-07-36-3-001-016.000

APU

121007363001016000

Description

This exceptional business opportunity encompasses a profitable carwash and lube facility situated on a 0.29-acre lot at 1810 S Broad Avenue, Lanett, Alabama. The property's total square footage is 2 square feet, though this figure likely reflects a measurement error and requires further clarification. Currently, the express carwash portion of the business is temporarily closed due to unforeseen circumstances related to the previous owner's family. However, the lube bay remains operational under a lease agreement. Importantly, the current tenant is solely responsible for all taxes and utilities. A key aspect of this sale is that the existing lease agreement for the lube bay will be automatically terminated upon the successful transfer of property ownership. This presents a unique chance for a new owner to either continue the existing lube business, renegotiate lease terms, or integrate it into a comprehensive car care operation. The asking price for this turnkey business and real estate package is $1,890,000. This represents a significant investment opportunity in a potentially high-growth market. Further due diligence is recommended to verify all aspects of the business and property details. This includes, but is not limited to, a thorough review of financial records, lease agreements, and local zoning regulations. The property's location and existing infrastructure offer a solid foundation for a successful venture. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $200,250

  6.5%

  $184,847

  7%

  $171,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $526,451

  Geo Method

  $526,451

• Alternative Use

  Use

  Valuation

  Residential

  $155,925

  Hospitality

  $142,826

  Educational

  $118,830

  Medical

  $122,917

  Retail

  $184,847

Location Insight

City

Lanett

County

Chambers

State

Alabama

Latitude

32.8527

Longitude

-85.191

CBSA code

29300

CBSA name

LAGRANGE, GA-AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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