529 Tripp StAmericus, GA 31709
- Retail properties
- 1,440 SF
Property Details for 529 Tripp St
- Year built
- 2007
- Construction
- CONCRETE
- Lot size
- 0.66 AC
- Property size (Sq ft)
- 1,440 SF
- Zone code
- 1
- Property type
- Retail properties
- Property subtype
- Other car washes
- APN
- 37 2 2
- APU
- 3722
Description
This exceptional investment opportunity presents a thriving car wash business in Americus, Georgia. Located at 529 Tripp St, this property boasts two buildings totaling 1,440 square feet, constructed in 2007. The main building houses a touchless car wash, estimated to service 16,000 vehicles annually, and includes two vacuum systems. A secondary building, currently occupied by a detail car wash operating on a 50/50 revenue-sharing agreement, offers significant expansion potential. This building provides approximately 30x40 feet of storage space, plus two bays with roll-up doors suitable for car lifts. The property also features a small office. Three years of tax returns are available for qualified buyers, along with access to the current owner's accountant. The asking price is $289,900, representing $201.32 per square foot. This turnkey operation presents a unique chance to acquire a profitable business with substantial growth opportunities, including the possibility of developing additional rental units. The property's prime location on Tripp Street ensures high visibility and consistent customer traffic. This is a rare opportunity to own the only touchless car wash in Americus.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $213,808
- 6.5%
- $197,361
- 7%
- $183,264
-
Comparable approach
- Method
- Valuation
- Relative Method
- $257,971
- Geo Method
- $257,971
-
Alternative Use
- Use
- Valuation
- Residential
- $166,482
- Hospitality
- $152,496
- Educational
- $126,875
- Medical
- $131,239
- Retail
- $197,361
Location Insight
- City
- Americus
- County
- Sumter
- State
- Georgia
- Latitude
- 32.0657
- Longitude
- -84.2182
- CBSA code
- 11140
- CBSA name
- AMERICUS, GA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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