18 Palmetto Pines Circle, Ray City, GA 31645

LATEST
Other
NZD $1,969,561
USD $1,100,000
Published on: 10 Nov 2026
Last updated on: 10 Nov 2026
18 Palmetto Pines Circle, Ray City, GA 31645
18 Palmetto Pines Circle, Ray City, GA 31645
18 Palmetto Pines Circle, Ray City, GA 31645
  • 3
Property ID: 110121117478
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Business Opportunity, Ray City, GA

18 Palmetto Pines Circle, Ray City, GA 31645
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.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
5,179.98 m2
Parcel ID
001A0019005,006 1001
Provider
South Georgia MLS (Valdosta)
Subdivision
Palmetto Pines
Brokerage Office Name
THE HERNDON COMPANY
Brokerage Office Phone
(229) 244-1992
Neighbourhoods
Palmetto Pines
Address
18 Palmetto Pines Circle, Ray City, GA 31645

Tax History

YearTax amount
2025USD $2177NZD $3,898*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.

Contact Agent
Jon Bollinger
THE HERNDON COMPANY
1100 N Patterson St P O BOX 1625, Valdosta, GA 316013921
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Jon Bollinger
1100 N Patterson St P O BOX 1625, Valdosta, GA 316013921
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      Property ID: 110121117478

      Original Property ID: 3yd-VMLSGA-155578
      Data provided by South Georgia MLS (Valdosta), MLS #: 155578
      * THIS SERVICE MAY CONTAIN TRANSLATIONS POWERED BY GOOGLE. GOOGLE DISCLAIMS ALL WARRANTIES RELATED TO THE TRANSLATIONS, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF ACCURACY, RELIABILITY, AND ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
      Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.