535 Maxham RdLithia Springs, GA 30122

Property Details for 535 Maxham Rd

Year built

1989

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

9,360 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

0374-18-2- -00003

APU

37418200003

Description

This fee-simple, 10,400 square foot, two-unit convenience store in Lithia Springs, GA, is offered at $6,500,000 ($625/sq ft). Built in 1989 and renovated in 2011, the property sits on a one-acre lot (APN 4182-03-7-0-003) and is zoned CG. The 4,200 square foot net rentable space boasts a strong sales history, demonstrating consistent profitability and a loyal customer base. Its prime location ensures high visibility and accessibility, driving significant foot traffic. The diverse inventory of wines, spirits, and craft beers caters to a broad customer base, positioning the business to capitalize on the growth in the premium liquor and craft beverage sectors. The property includes one building, two stories, and is a single-tenancy owner/user investment opportunity. This established business offers significant growth potential within a thriving market. The recent price reduction enhances the return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,468,954

  6.5%

  $2,279,035

  7%

  $2,116,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,151,683

  Geo Method

  $4,600,919

• Alternative Use

  Use

  Valuation

  Residential

  $1,922,451

  Hospitality

  $1,760,955

  Educational

  $1,465,094

  Medical

  $1,515,480

  Retail

  $2,279,035

Location Insight

City

Lithia Springs

County

Douglas

State

Georgia

Latitude

33.7904

Longitude

-84.6225

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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