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950 McEver Rd - Lakeside Auto Repair Opportunity | ±1.69 AC 4,295 SF Specialty Building Offered at $1,800,000 in Gainesville, GA 30504
INVESTMENT HIGHLIGHTS
- ± 4,295 SF car wash/auto center. FF&E included for owner/user.
- Located across from Publix-anchored shopping center. Furnished lobby/waiting area for guests.
- 2024 appraised value = $3,000,000
- Freestanding detail building. Covered vacuum station. 3 drive-thru service bays. 22,297 VPD. 1 car wash tunnel with upgraded equipment
- Recent Phase 1: No contamination. New survey
- Shown by appointment only. Do not visit property or disturb tenants, employees or customers.
EXECUTIVE SUMMARY
Bull Realty is pleased to present this well-established tire and auto center located on bustling McEver Road in Gainesville, GA. Due to illness, the owner has been leasing the property and equipment on a month to month basis. The tenants will vacate prior to closing. This facility is located in a dense retail corridor and is across the street from a Publix-anchored shopping center. The Home Depot, Best Buy and Kohl's are also in close proximity. The property is being sold with all improvements and FF&E in place but no business value is included. A 2024 appraisal ordered by the current lender appraised the property at $3,000,000.00.
Also available for lease at $15,000/Month NNN.
Please note that the car wash tunnel is somewhat operational but not a significant part of the property’s income as it needs to be updated and many components replaced. The asking price reflects the value of the property with this consideration.
Also available for lease at $15,000/Month NNN.
Please note that the car wash tunnel is somewhat operational but not a significant part of the property’s income as it needs to be updated and many components replaced. The asking price reflects the value of the property with this consideration.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$288,000
|
$67.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$288,000
|
$67.05
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $67.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $67.05 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,800,000 | Building Class | B |
| Price Per SF | $419.09 | Lot Size | 1.69 AC |
| Sale Type | Investment | Building Size | 4,295 SF |
| Sale Condition | Lease Option | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2006/2018 |
| Property Subtype | Car Wash | ||
| Zoning | HB - Intended to permit business and retail uses of limited size and intensity | ||
| Price | $1,800,000 |
| Price Per SF | $419.09 |
| Sale Type | Investment |
| Sale Condition | Lease Option |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.69 AC |
| Building Size | 4,295 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2006/2018 |
| Zoning | HB - Intended to permit business and retail uses of limited size and intensity |
PROPERTY TAXES
| Parcel Number | 01-00116-02-081 | Improvements Assessment | $235,960 (2024) |
| Land Assessment | $134,720 (2024) | Total Assessment | $370,680 (2024) |
PROPERTY TAXES
Parcel Number
01-00116-02-081
Land Assessment
$134,720 (2024)
Improvements Assessment
$235,960 (2024)
Total Assessment
$370,680 (2024)
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950 McEver Rd - Lakeside Auto Repair Opportunity | ±1.69 AC
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