690 W Spring St Monroe, GA 30655

This exceptional investment opportunity presents a thriving car wash business in Monroe, GA. The property boasts six self-service bays and a touch-free automatic wash, generating a strong net operating income (NOI) of $115,989 (annualized based on 2024 year-to-date figures as of August 28, 2024). Located on a 0.63-acre lot at 690 W Spring Street, this Class B building, constructed in 1991, benefits from a highly visible location in a high-traffic area experiencing significant population growth. The property is zoned B2 and features a compelling 9.21% capitalization rate, making it an attractive investment with a solid foundation for long-term profitability. The asking price is $1,260,000, and the property's prime location offers easy access to Monroe's historic downtown. This established business provides a turnkey operation with immediate cash flow potential, making it an ideal addition to any investment portfolio. The property's strong performance and favorable market conditions position it for continued success. The parcel number is M0060274.