2597 Lee RdLithia Springs, GA 30122

Property Details for 2597 Lee Rd

Year built

1968

Construction

WOOD FRAME

Lot size

2.11 AC

Property size (Sq ft)

2,076 SF

Zone code

C-G

Property type

Office properties

Property subtype

Office buildings

APN

0130-01-5- -00013

APU

13001500013

Description

Exceptional investment opportunity in Lithia Springs, Georgia! This 2.85-acre commercial land parcel, comprised of two adjoining lots, boasts 576 feet of road frontage on Lee Road. The property includes a small house and shed, and is ideally situated adjacent to a Publix shopping center and a new subdivision. Zoned C-G, it's perfect for a variety of uses, including small retail shopping development, a daycare center, or a retail strip center. The location offers excellent visibility and accessibility. Utilities including sewer, water, and gas are readily available. A city-installed turnaround is being added in front of the driveway, enhancing convenience. This property also presents a unique leasing opportunity at $8,000 per month. Furthermore, the property benefits from its proximity to the upcoming Great Point Studios, a $200 million film and television complex, adding significant long-term value to the investment. The corner parcel's location at Lee Road and Maxwell Place provides additional development potential. This is a rare chance to acquire a substantial commercial land parcel in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $314,106

  6.5%

  $289,944

  7%

  $269,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $394,542

  Geo Method

  $404,945

• Alternative Use

  Use

  Valuation

  Residential

  $359,531

  Hospitality

  $329,328

  Educational

  $273,997

  Medical

  $283,421

  Retail

  $426,218

Location Insight

City

Lithia Springs

County

Douglas

State

Georgia

Latitude

33.7363

Longitude

-84.6677

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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