168 Mitchell StJackson, GA 30233

  • Other commercial real estate
  • 7,650 SF
For Sale
$975,000 View listing

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
168 Mitchell St, Jackson, Georgia

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

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
$3,888
$60,000
$94,676
$154,676
-
$150,000
$236,689
$386,689

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