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- LoopNet Team
690 W Spring St
Monroe, GA 30655
Car Wash Investment Property - Monroe · Specialty Property For Sale
·
2,070 SF
INVESTMENT HIGHLIGHTS
- Centrally located in Monroe with 296 feet of road frontage on the high-traffic Spring Street
- About 5-7 hours of on-site routine maintenance required per week
- Limited competition in the area
- In-place 2024 NOI of $124,657, expected to continue to grow in 2025
- Zoned Commercial B-3 with redevelopment potential
PROPERTY FACTS
| Property Type | Specialty | Building Size | 2,070 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Lot Size | 0.63 AC | Year Built | 1991 |
| Zoning | B3 - Commercial | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Lot Size | 0.63 AC |
| Building Size | 2,070 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Zoning | B3 - Commercial |
AMENITIES
- Signage
ABOUT 690 W SPRING ST , MONROE, GA 30655
Prime turn-key investment car wash opportunity in Monroe, Georgia. This car wash is comprised of 6 self-serve bays, 1 touch-free in-bay automatic, and 5 vacuums. Monroe itself has seen significant population growth (7.98%) since 2020 and continues to grow steadily. The car wash is centrally-located in Monroe in a highly-visible and heavily traveled area. The business saw 20% revenue growth from 2022 to 2023 and a modest 4% revenue growth from 2023 to 2024, despite the typical decrease in revenue seen in the car wash industry during election years. Built in 1991 and well maintained, this property saw renovations and user upgrades in 2022-2024.
PROPERTY TAXES
| Parcel Number | M006000000274000 | Improvements Assessment | $44,120 |
| Land Assessment | $49,360 | Total Assessment | $93,480 |
PROPERTY TAXES
