Bought with Michele Rikard • Hardy Realty & Dev. Company
$750,000
$795,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Acres Lot
SOLD DATE : 04/29/2024
Key Details
Sold Price $750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20105247
Sold Date 04/29/24
Construction Status Resale
Year Built 1982
Annual Tax Amount $5,165
Tax Year 2022
Lot Size 1.000 Acres
Property Description
802 N Main St. is a mixed-use income producing property that is ideally positioned on a 1 acre highly trafficked corner lot in Cedartown, GA. 2023 is on trend to net over $125,000 this year as is. The diverse mix of revenue generating entities includes an established Four Seasons Car Wash and 3 buildings that are home to 6 tenants. The Four Seasons Car Wash is an established business with 6 self service bays, 10 vacuums and a 60-foot front wheel pull conveyor wash with reclaimed water system. This cash-flowing asset also offers vending machines for car wash products, dollar bill changer and card reading machines on all vacuums and some wash bays. Three metal buildings, with a total of 23 parking spaces, generate $4300/ month with 6 long-term tenants with the potential to increase rent rates and add 2 more tenants. Zoned C-3 for Commercial on 1 acre, the property is conveniently located next to a shopping center with notable tenants such as Kroger and Planet Fitness. Rent rates can be increased to market rates for immediate growth potential.
Location
State GA
County Polk
Zoning C3-Commercial
Interior
Heating Central
Cooling Central Air
Exterior
Garage Parking Lot
Utilities Available Electricity Available, High Speed Internet
Building
Sewer Public Sewer
Construction Status Resale
Others
Financing Conventional
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