For Sale
$350,000

7564 Us-29Hull, GA 30646

4-Acre Commercial Lot, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This 4.05-acre commercial lot in Hull, Georgia (APN 0031 076), zoned B, presents a compelling investment opportunity. Previously used for a landscape supply business (generating nearly $4,000 monthly lease income), the property boasts significant potential for various commercial and some industrial uses. The site features two existing concrete slabs, a gated and partially fenced perimeter, and a recently updated well with a new pump (installed last year). A new 400-amp power panel was also added last year. Seller financing is available with a 35% down payment. Conceptual plans exist for over 20,000 square feet of self-storage buildings on the cleared 2-acre portion of the lot. The property's current asking price is $350,000, projecting a pro-forma NOI of $40,000 and a pro-forma cap rate of 11.43%. There is a possibility of incorporating approximately 40 existing 8x20 storage containers (Boxwells) into the sale, though this would necessitate a price adjustment. This well-located property at 7564 US-29, Hull, GA 30646, offers exceptional flexibility and strong return potential for savvy investors. The fee-simple ownership provides complete control and long-term value.

Highlights

  • 4.05-acre commercial lot in Hull, GA (APN 0031 076), zoned B.
  • Previously generated nearly $4,000 monthly lease income.
  • Features two concrete slabs, gated/partially fenced perimeter, updated well & 400-amp power panel.
  • Seller financing available with 35% down payment.
  • $350,000 asking price, projecting $40,000 NOI and 11.43% cap rate.

Property Details for 7564 Us-29

Property type
Land
Lot Size (sq. ft)
176,418 SF

Location Insight

City
Hull
County
Madison
State
Georgia
Latitude
34.0439238
Longitude
-83.2968562
7564 Us-29, Hull, Georgia

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7564 Us-29
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