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    690 W Spring St Monroe, GA 30655

    For Sale
    $980,823

    Commercial - Monroe, GA

    Lot size:
    0.63 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 690 W Spring St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    M0060274
    Parking features
    Garage
    Lot size
    0.63 Acres

    Building Details

    Architectural style
    Other

    National Land Realty, Atlanta, GA (855) 384-5263

    Listing agent Parenn Mulji (855) 384-5263

    Listing date Oct 20, 2025

    MLS# 11444025 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Car Wash Investment

    This car wash in Monroe, Georgia, presents a turn-key investment opportunity. Constructed in 1991 and renovated between 2022 and 2024, the property includes 6 self-serve bays, 1 touch-free in-bay automatic, and 5 vacuums. Situated in a centrally-located, highly visible area with heavy traffic, the business has demonstrated revenue growth, with a 20% increase from 2022 to 2023, 4% growth from 2023 to 2024, and an estimated 8% growth projected for 2025. The property, with a lot size of 0.63 acres, is located in a growing area that has seen significant population growth (8%) since 2020. The real estate was appraised for $550,000 in 2022 and has since appreciated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Car Wash of Monroe Car Wash

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.722668
    Latitude
    33.795005

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    FAQs

    What type of property is this?
    Car wash - Profitable car wash with growth potential in high-traffic Monroe location.
    Where is this car wash located?
    The property is located at 690 W Spring St Monroe, GA.
    What is the asking price?
    The asking price for this property is $980,823.
    What are key features of this property?
    This property features: - Turn-key car wash business with diverse revenue streams: 6 self-serve bays, 1 automatic bay, 5 vacuums.; - Strong revenue growth: 20% (2022-2023), 4% (2023-2024), and projected 8% growth in 2025.; - Centrally located in a high-traffic, highly visible area of Monroe, Georgia.
    (855) 384-5263
    Request Owner's contact information
    690 W Spring St Monroe, GA 30655
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    Monroe, GA 30655
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    690 W Spring St Monroe, GA 30655
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