699 ShortThomaston, GA 30286

Property Details for 699 Short

Year built

1980

Lot size

0.78 AC

Property size (Sq ft)

30,000 SF

Property type

Retail properties

Property subtype

Other warehouses

Description

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.

Location Insight

City

Thomaston

County

Upson - GA

State

Georgia

Latitude

32.9018

Longitude

-84.3279

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