$2,599,000
Active
52 Days Online
0 Beds0 Baths6,387 SQFT
Active

690 W Spring Street Monroe, GA 30655

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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

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Monthly Payment (Est.)

$12,627
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