1514 Old Atlanta RdGriffin, GA 30223

Property Details for 1514 Old Atlanta Rd

Year built

1940

Lot size

0.20 AC

Property size (Sq ft)

1,124 SF

Zone code

PID

Property type

Office properties

Property subtype

Other office properties

APN

067 -05-011

APU

6705011

Description

This exceptional commercial property in Griffin, Georgia, presents a unique investment opportunity. Located at 1514 Old Atlanta Rd, 30223, this offering encompasses two buildings situated on approximately 0.2 acres of land. The property boasts a combined square footage ranging from 1,245 to 2,144 square feet, featuring a traditional office space and a warehouse component. The zoning is PID (Planned Industrial Development), providing flexibility for various business uses. The asking price is $280,000. This property enjoys a highly convenient location, with easy access to local banks, restaurants, and shopping amenities. The single-story buildings are situated in Spalding County, offering a solid foundation for a thriving business or a savvy investment portfolio addition. The property's size and versatile layout make it suitable for a range of commercial enterprises. This is a rare opportunity to acquire a well-positioned commercial property in a growing area at an attractive price point. Don't miss out on this chance to own a piece of Griffin's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $142,966

  6.5%

  $131,969

  7%

  $122,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,247

  Geo Method

  $219,247

• Alternative Use

  Use

  Valuation

  Residential

  $163,641

  Hospitality

  $149,894

  Educational

  $124,710

  Medical

  $128,999

  Retail

  $193,994

Location Insight

City

Griffin

County

Spalding

State

Georgia

Latitude

33.2723

Longitude

-84.2855

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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