690 W Spring Street Monroe, GA 30655
Property Description: Investment Car Wash Portfolio Opportunity! This investment portfolio is comprised of two highly visible car washes with established cash flow. Each property features 6 self-service bays and a touch-free automatic wash, situated in prime locations in Monroe, GA and Winder, GA. Currently generating an in-place NOI of $238, 741. Positioned for success in high-traffic areas, this investment opportunity provides a solid foundation for long-term profitability and a compelling return on investment. Property A: 690 W Spring St, Monroe, GA 30655 Property B: 78 W Athens St, Winder, GA 30680 Location Description: Both car wash locations are centrally located in high-traffic areas of their respective towns. Monroe is experiencing significant growth in population, with a 7.62% increase since 2020. The Monroe car wash is just minutes from the popular historic downtown. Similarly, Winder is seeing a steady population growth, with an 9.34% increase since 2020. The Winder car wash is ideally situated in Downtown Winder, just 0.1 miles from the busy Highway 11.1. Portfolio of 2 car washes, 2. 6 self-service bays plus a touch-free automatic wash at each property, 3. Centrally located in Monroe, GA and Winder, GA, 4. In-place NOI of $238, 741 (based on 2024 YTD numbers being annualized)
- Property TypeCommercial
- NeighborhoodN/A
- CountyWalton
- Taxes$5,257
- HOA/Condo/Coop Fees$0
- Days on Site52 Days
- MLS StatusActive
- MLS ID Number10338665
- Home Size Source Public Records
- Year Built1991
- Lot Size1.03 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Parking LotPaved
- Parking Spaces 0
- Sewer Public Sewer
- Acreage 1.03
- Water Public
- Zoning Commercial
- Utilities Other
- Property Condition Updated/ Remodeled
Interior Features
- Cooling None
- Heating None
- Flooring Other
Exterior Features
- Roof Composition
- Lot Level
- Other Structures Other