For Sale
$849,000

699 ShortThomaston, GA 30286

High-yield retail/industrial property, Georgia.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a stabilized, multi-tenant retail and industrial property located at 699 Short Street, Thomaston, Georgia 30286. The Thomaston Shopping Center boasts 30,000 square feet of space, with 29,000 square feet net rentable, across a single, two-story building on a 0.78-acre lot. Currently 95% occupied by six tenants, the property offers a strong net operating income (NOI) of $72,000, resulting in an attractive 8.48% capitalization rate. The property features a mix of restaurant, bar, and warehouse spaces, reflecting its diverse tenant base. Leases are net, with a current term of two years, commencing April 1, 2023, and expiring April 1, 2025. The property includes 20 parking spaces and is zoned for commercial use. Built in 1980 and renovated in 2022, this property offers a blend of established infrastructure and recent upgrades. The asking price is $849,000, translating to $28.30 per square foot. This represents a compelling opportunity for investors seeking a stable, high-return property in a desirable location. The property is owned by Lorgan Properties LLC and is offered for sale by owner.

Highlights

  • Exceptional investment opportunity with strong potential for passive income and long-term appreciation.
  • High-demand location ensures consistent occupancy and rental income.
  • Modern, well-maintained building in excellent condition.
  • Flexible lease terms available to suit tenant needs.
  • Strong tenant base with a history of on-time rent payments.

Property Details for 699 Short

Property type
Warehouses, Retail properties
Square Feet
30,000 SF
Year Built/Renovated
1980/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
33,977 SF
Units
8

Location Insight

City
Thomaston
County
Upson - GA
State
Georgia
Latitude
32.901758
Longitude
-84.3278794
699 Short, Thomaston, Georgia

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699 Short
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