1 1St StAragon, GA 30104

Property Details for 1 1St St

Year built

1900

Lot size

1.10 AC

Property size (Sq ft)

1,518 SF

Property type

Retail properties

Property subtype

Self service car washes

APN

A01-002A

APU

A01002A

Description

This exceptional executive office building, located at 1 W 1st Street in Aragon, Georgia, presents a compelling investment opportunity. Built in 1987, the single-building property sits on a generous 1.1-acre lot, offering ample space and potential for expansion or redevelopment. The asking price is $90,000. The property's convenient location provides easy access to a variety of retail, entertainment, and dining options, making it an attractive proposition for both established businesses and new ventures. The property's classification as an "Executive Office" suggests a high-quality build and finish, suitable for discerning professionals. The 30104 zip code places the property within a well-established community in Polk County, Georgia. Given its size, location, and asking price, this property represents a significant opportunity for investors seeking a strong return on investment. The existing structure offers immediate income potential, while the substantial lot size allows for future development or expansion to meet evolving business needs. This is an ideal opportunity for a savvy investor looking to capitalize on a prime location and strong potential for growth. The property's existing infrastructure and convenient location make it a ready-to-occupy asset with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $471,964

  6.5%

  $435,659

  7%

  $404,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $623,113

  Geo Method

  $746,175

• Alternative Use

  Use

  Valuation

  Residential

  $367,494

  Hospitality

  $336,623

  Educational

  $280,066

  Medical

  $289,698

  Retail

  $435,659

Location Insight

City

Aragon

County

Polk

State

Georgia

Latitude

34.048

Longitude

-85.0621

CBSA code

16340

CBSA name

CEDARTOWN, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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