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Listed by Jon Bollinger THE HERNDON COMPANY
$ 1,100,000
Est. payment /mo
New
18 Palmetto Pines Circle Ray City, GA 31645
1.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Palmetto Pines
MLS Listing ID 155578
HOA Y/N No
Lot Size 1.280 Acres
Lot Dimensions 1.28 Acres
Property Sub-Type Business
Property Description
Unique Investment Opportunity – Three Established Water Systems in Lanier County, Georgia! Excellent opportunity to acquire three established, income-producing private water systems serving residential subdivisions in Lanier County. Collectively, the systems serve more than 170 active taps and generate approximately $120,000 in annual gross revenue. The portfolio consists of a combination of 4-inch, 6-inch, and 8-inch wells with a successful operating history since inception. All three subdivisions are substantially developed, providing an established customer base and consistent recurring revenue with limited dependence on future development. One of the most attractive aspects of this investment is the opportunity for additional revenue through future rate adjustments, as current water rates have remained unchanged for several years. The systems also present an opportunity to modernize operations through online payment processing and updated billing technology, potentially improving efficiency and customer convenience. A limited number of remaining residential lots offer modest potential for additional taps and connection fees as future construction occurs. Offered together as a complete portfolio for $1,100,000, this is a unique opportunity for an existing utility operator or investor seeking an established business with recurring income and identifiable opportunities for future growth.
Location
State GA
Area 10-Lanier County
Zoning PD, R-1A
Interior
Interior Features None
Heating None
Cooling None
Exterior
Parking Features Private
Garage Spaces 6.0
Fence Fenced
View Y/N No
Building
Story 1
Level or Stories One