For Sale
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Property summary
This exceptional investment opportunity presents a thriving multi-tenant commercial property located at 2671 Panola Rd, Lithonia, GA 30058. The property, a Class B building constructed in 2002 and extensively renovated in 2020, boasts a substantial 9,715 square feet situated on a generous 2-acre lot (85,614 sq ft). Currently operating as a successful car wash and quick oil change center with three service bays, this established business has enjoyed 22 years of operation, generating a reported cash flow of $347,500. The property is zoned C1, allowing for a variety of uses. The building features a blend of auto shop and executive office space, making it ideal for a diverse range of tenants. The sale includes the established business and all associated assets. This multi-tenant setup provides multiple income streams, enhancing the overall return on investment. The asking price is $1,750,000, representing a compelling opportunity for a savvy investor seeking a profitable, established business with significant growth potential. The property's location east of Atlanta, just off I-20, ensures excellent visibility and accessibility. This is a turnkey operation ready for immediate ownership and continued success. The property is held under an LLC ownership structure and is offered for sale by owner.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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Car Wash
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C1 · Lithonia, GAThe purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Lithonia, GA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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- Alternative use
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