300 Glynn StFayetteville, GA 30214
- Mixed-use properties
- 2,030 SF
Property Details for 300 Glynn St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.35 AC
- Property size (Sq ft)
- 2,030 SF
- Zone code
- C C3
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 52306025
- APU
- 52306025
Description
This exceptional value-add opportunity presents a six-building portfolio totaling 15,252 square feet on 1.74 acres in Fayetteville, Georgia. Located at 300, 310, and 312-314 Glynn Street North, this property boasts a diverse mix of industrial-flex, office, and retail spaces, currently 100% occupied by a variety of tenants, including a daycare and State Farm. The buildings, constructed in 1920, 1968, 1978, and 1981, offer significant upside potential through rent increases to market rates and lease conversions to NNN. Short-term and month-to-month leases provide immediate opportunities for enhanced profitability. The property benefits from high visibility on Glynn Street (33,000+ vehicles per day) and a prime location adjacent to Fayette County High School (1,365+ students), within a dense retail corridor featuring national brands like Arby's, Dunkin', and McDonald's. The portfolio's location in the Atlanta MSA, less than 22 miles from Atlanta, offers access to a robust and growing market with a population of approximately 6.1 million. This presents a compelling investment opportunity with substantial value-add potential in a thriving area. The asking price is $2,960,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $258,204
- 6.5%
- $238,342
- 7%
- $221,318
-
Comparable approach
- Method
- Valuation
- Relative Method
- $395,972
- Geo Method
- $395,972
-
Alternative Use
- Use
- Valuation
- Residential
- $295,544
- Hospitality
- $270,717
- Educational
- $225,233
- Medical
- $232,979
- Retail
- $350,363
Location Insight
- City
- Fayetteville
- County
- Fayette
- State
- Georgia
- Latitude
- 33.4533
- Longitude
- -84.4555
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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