8589 Ga-16 Monticello, GA 31064
This 3,673 square foot auto shop in Monticello, Georgia, presents a lucrative investment opportunity. Built in 2004 on a 0.66-acre lot, this established car wash boasts six bays – four self-serve and two automatic – along with four vacuum stations. The property includes a Kooler Ice Machine, generating supplemental income. Situated on 263.6 feet of Highway 16 frontage, it benefits from high visibility and convenient access. The average daily traffic count on this stretch of Highway 16 was 6,910 vehicles in 2022, according to the Georgia Department of Transportation. This prime commercial location is zoned appropriately and enjoys all necessary utilities. The property is conveniently located west of downtown Monticello, adjacent to Jasper Engines, and neighbors several established businesses including Jack's Fast Food, Circle K, Ingle's Market, Farmer's Furniture, Town-N-Country Farm & Pet Supply, Piedmont Academy, and Jasper County Schools. The asking price is $785,000, translating to $213.72 per square foot. Annual property taxes are approximately $4,000. This turnkey operation offers immediate income potential and strong growth prospects in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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