682 8Th StGriffin, GA 30224

  • Medical offices
  • 1,410 SF
For Sale
$259,000 View listing

Property Details for 682 8Th St

Year built
1953
Construction
WOOD
Lot size
0.78 AC
Property size (Sq ft)
1,410 SF
Zone code
PCD
Property type
Medical offices
Property subtype
Medical centers
APN
026 -02-018
APU
2602018

Description

This exceptional 1,410 square foot free-standing medical building is ideally situated across the street from WellStar Spalding Medical Center in Griffin, Georgia. The property boasts a highly desirable location offering excellent visibility and accessibility for patients and staff. The building's convenient placement ensures a steady stream of potential clientele, making it an attractive investment opportunity for medical professionals or businesses seeking a well-established presence in a thriving healthcare community. The 0.78-acre lot provides ample parking for patients and staff, a significant advantage in a busy medical environment. The building is currently offered for sale at $259,000. Alternatively, a lease option is available at a monthly rate of $1950, providing flexibility for potential tenants. This versatile property presents a unique opportunity to own or lease a well-positioned medical facility in a high-demand area. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's prime location and substantial parking make it an exceptional investment or lease opportunity. Don't miss this chance to secure a valuable asset in a growing medical hub.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $179,344
    6.5%
    $165,548
    7%
    $153,723
  • Comparable approach

    Method
    Valuation
    Relative Method
    $275,035
    Geo Method
    $275,035
  • Alternative Use

    Use
    Valuation
    Residential
    $205,279
    Hospitality
    $188,035
    Educational
    $156,443
    Medical
    $161,823
    Retail
    $243,355

Location Insight

City
Griffin
County
Spalding
State
Georgia
Latitude
33.2369
Longitude
-84.2653
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,981
$39,727
$34,875
$74,602
-
$99,317
$87,187
$186,504

FAQs

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