±0.94 Acre with Car Wash on GSU Campus | For Sale

1897 Chandler Road Statesboro, GA 30458

1897 Chandler Road, Statesboro, GA, 30458
1897 Chandler Road, Statesboro, GA, 30458
FOR SALE
Property Type:
Free Standing Building
Amount:
$175,000
Last Verified:
Mar 01, 2021


Description

SVN is pleased to exclusively offer the leasehold improvements known as Eagle Car Wash located directly across from Georgia Southern’ s Paulson Stadium. The offering consists of (5) self-operated bays and (1) touch free wash tunnel. In addition, there are (6) vacuum bays. The improvements are subject to a ground lease with rights through March 31, 2098. Income is not provided, so any investor will need to determine their estimated revenue projections; however, expenses are approximately $21,509.76 on an annualized basis. Given the location and parcel size, an investor could benefit from continued operations or a redevelopment opportunity given the extremely low ground rent expense.

The property is located at the intersection of Lanier Drive and Chandler Road near the Highway 301 bypass. It is located near Georgia Southern University, which has an enrollment in excess of 27,000 students. In addition to higher learning, Statesboro is a regional trade center for commerce, healthcare and agriculture, which make up the economic drivers. Statesboro is approximately 1 hour North West of Savannah, GA.


Year Built: 2001
Building Size: 1sq ft
Lot Size: 0.94 acres

Map of 1897 Chandler Road, Statesboro, GA, 30458

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