529 Tripp StAmericus, GA 31709

  • Retail properties
  • 1,440 SF
For Sale
$289,900 View listing

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
529 Tripp St, Americus, Georgia

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

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
$3,348
$34,480
$41,400
$75,880
-
$86,200
$103,500
$189,700

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