35 Main StJasper, GA 30143

Property Details for 35 Main St

Year built

1900

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

9,600 SF

Zone code

CBD

Property type

Office buildings

APN

JA07-076

APU

JA07076

Description

This stunning, historic building in downtown Jasper, Georgia, presents a unique investment opportunity. Built pre-1880, this two-story, 9,600 square foot mixed-use property boasts 8,500-9,600 square feet of heated space, plus additional basement rental space. Located at 35 N Main St, in the heart of Pickens County's CBD, this iconic landmark is one of the county's two oldest buildings and features original architectural details meticulously preserved during a 2010 interior update. The property is eligible for historic preservation tax incentives, including the Federal Historic Preservation Tax Incentives program's 20% tax credit and various state grants. Currently configured for apartments on the second floor and retail below, the spacious layout offers flexible configuration for various commercial endeavors. High ceilings, intricate moldings, and expansive windows create an inviting atmosphere. The building enjoys prime visibility and foot traffic, making it ideal for businesses seeking a unique and historic location. Leases have been upgraded in the past two years, with most tenants currently occupying the second floor, leaving the main floor available for the new owner's highest and best use. The asking price is $1,050,000. This is a rare chance to own a piece of Georgia history.

• CAP approach

  CAP return

  Valuation

  6%

  $2,064,056

  6.5%

  $1,905,282

  7%

  $1,769,191

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,582,504

  Geo Method

  $1,872,576

• Alternative Use

  Use

  Valuation

  Residential

  $2,362,550

  Hospitality

  $2,164,083

  Educational

  $1,800,492

  Medical

  $1,862,414

  Retail

  $2,800,765

Location Insight

City

Jasper

County

Pickens

State

Georgia

Latitude

34.4686

Longitude

-84.4306

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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