240 Airport RdGriffin, GA 30224

Property Details for 240 Airport Rd

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.65 AC

Property size (Sq ft)

1,176 SF

Zone code

C1A

Property type

Office properties

APN

141 -01-003

APU

14101003

Description

This exceptional commercial property at 240 Airport Road in Griffin, Georgia, presents a unique investment opportunity. The 1,176 square foot building, situated on a 0.65-acre lot, is currently operating as a thriving beauty salon. The all-brick structure boasts attractive features including beautiful hardwood floors, vinyl windows, and gutter/leaf guards. Recent upgrades include new lighting and a two-year-old HVAC system. The interior layout is well-designed, featuring a welcoming lobby, a full kitchen, a full bathroom, and four additional rooms offering versatile space for various business needs. The property also includes a covered carport and six parking spaces, conveniently including a designated handicap parking spot. A circular driveway and a handicap-accessible ramp ensure easy access for all clients. A large backyard provides additional space, complemented by a convenient storage shed. The property benefits from high road visibility and excellent access to Highway 19/41, placing it in a high-traffic area. Its close proximity to the Griffin airport further enhances its strategic location and accessibility. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for a savvy investor or business owner seeking a well-maintained, established commercial space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $149,580

  6.5%

  $138,074

  7%

  $128,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $229,391

  Geo Method

  $229,391

• Alternative Use

  Use

  Valuation

  Residential

  $171,212

  Hospitality

  $156,829

  Educational

  $130,480

  Medical

  $134,967

  Retail

  $202,969

Location Insight

City

Griffin

County

Spalding

State

Georgia

Latitude

33.2221

Longitude

-84.2811

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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