317 Taylor StGriffin, GA 30223

Property Details for 317 Taylor St

Year built

1955

Construction

WOOD FRAME

Lot size

0.27 AC

Property size (Sq ft)

2,516 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Retail space

APN

015 -41-008

APU

1541008

Description

This exceptional retail property, located at 317 W Taylor Street in Griffin, GA, presents a compelling investment opportunity for passive investors. The 2,516 square foot building sits on a 0.27-acre lot and enjoys excellent visibility from the heavily trafficked W Taylor Street, offering ample parking for customers and employees. Constructed in 1985, the property has undergone renovations over the years, ensuring its modern appeal and functionality. Currently, the building is 100% leased to two tenants: Metro by T-Mobile occupies the front retail space, while an additional tenant utilizes the office and break areas. This provides a stable and consistent income stream. The property's zoning designation is CBD (Central Business District), reflecting its prime location within the thriving Griffin, Georgia market, situated in Spalding County. All essential utilities and public services are readily available on-site. This turnkey investment offers a rare chance to acquire a well-maintained, fully leased retail property in a high-growth area, promising strong returns for the discerning investor. The property's size, location, and current occupancy make it an attractive proposition for those seeking a low-maintenance, high-return investment.

• CAP approach

  CAP return

  Valuation

  6%

  $470,430

  6.5%

  $434,243

  7%

  $403,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,236,743

  Geo Method

  $1,236,743

• Alternative Use

  Use

  Valuation

  Residential

  $366,300

  Hospitality

  $335,529

  Educational

  $279,156

  Medical

  $288,757

  Retail

  $434,243

Location Insight

City

Griffin

County

Spalding

State

Georgia

Latitude

33.2476

Longitude

-84.2681

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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