168 Mitchell StJackson, GA 30233
- Other commercial real estate
- 7,650 SF
Property Details for 168 Mitchell St
- Year built
- 2000
- Construction
- STEEL FRAME
- Lot size
- 5.00 AC
- Property size (Sq ft)
- 7,650 SF
- Zone code
- M-2
- Property type
- Other commercial real estate
- APN
- 00460-043-A00
- APU
- 00460043A00
Description
This 7,650-square-foot industrial building in Jackson, GA, presents a compelling investment opportunity with a 7.85% cap rate. Located at 168 Mitchell St, 30233, this Class B property offers a blend of distribution, flex, and warehouse space, ideal for owner-occupancy or investment. Built in 2000, the building features 18-foot ceilings, two dock-high doors, and a layout including office space with a showroom, conference room, and bathroom. The warehouse area provides ample open space. The property currently boasts 100% occupancy with a net operating income (NOI) of $76,500 annually, based on a triple-net (NNN) lease. The asking price is $975,000, translating to $127.45 per square foot. The property is vacant as of December 1st, 2024. An additional 3.75 acres of land is available for purchase, offering expansion potential. This below-replacement-cost offering is perfect for an owner-user seeking a strategic location in Butts County, conveniently situated near downtown Jackson. The property is currently listed as an investment opportunity with an owner/user option.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,113,750
- Hospitality
- $1,020,189
- Educational
- $848,785
- Medical
- $877,976
- Retail
- $1,320,332
Location Insight
- City
- Jackson
- County
- Butts
- State
- Georgia
- Latitude
- 33.3041
- Longitude
- -83.9547
- 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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