20 Oak StJackson, GA 30233

  • Mixed-use properties
  • 20,002 SF
For Sale
$650,000 View listing

Property Details for 20 Oak St

Year built
1940
Lot size
0.19 AC
Property size (Sq ft)
20,002 SF
Zone code
C-1
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
J0120-186-000
APU
J0120186000

Description

This exceptional 20,000 square foot storefront property located at 20 Oak St, Jackson, GA 30233, presents a significant investment opportunity in the vibrant Downtown Jackson Square. Currently operating under a modified lease, the property boasts a 50% occupancy rate, with the entire ground floor occupied by Citi Trends. The building offers substantial potential for expansion and diversification, given its prime location and considerable size. The asking price is $650,000. The property is classified as retail, with a single tenancy and a storefront subtype. The lease term is currently at zero years, indicating a flexible opportunity for a new owner to establish favorable lease agreements. This property is situated in Butts County, Georgia, offering easy access to major transportation routes and a thriving local community. The address is precisely 20 Oak St, Jackson, GA 30233, with GPS coordinates of 33.2949101 latitude and -83.9676552 longitude. This is a rare chance to acquire a substantial retail space in a desirable location with immediate income potential. The property's size and location make it ideal for a variety of retail uses, offering a strong return on investment for the discerning buyer. Don't miss this chance to own a piece of Downtown Jackson's thriving commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,154,727
    6.5%
    $2,912,055
    7%
    $2,704,052
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,047,464
    Geo Method
    $6,047,464
  • Alternative Use

    Use
    Valuation
    Residential
    $2,912,055
    Hospitality
    $2,667,427
    Educational
    $2,219,268
    Medical
    $2,295,592
    Retail
    $3,452,195
20 Oak St, Jackson, Georgia

Location Insight

City
Jackson
County
Butts
State
Georgia
Latitude
33.2948
Longitude
-83.9677
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
$2,935
$18,274
$89,895
$108,169
-
$45,684
$224,737
$270,421

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