2259 Greenville RdLaGrange, GA 30241

Property Details for 2259 Greenville Rd

Year built

1978

Lot size

13.27 AC

Property size (Sq ft)

3,075 SF

Zone code

01-GI

Property type

Office properties

Property subtype

Office buildings

APN

0394 000027

APU

394000027

Description

This exceptional 13.27-acre industrial property in LaGrange, Georgia, presents a compelling investment opportunity. Located at 2259 Greenville Rd, Troup County, this site boasts a 5,175 square foot existing warehouse and office space, built in 1978, offering immediate usability. The property is fully fenced with a brick and iron gated entrance, ensuring security. The existing structures feature poured concrete slabs, ideal for various industrial uses. The expansive lot provides ample space for truck parking and maneuvering, a significant advantage for logistics operations. All utilities are readily available on-site, simplifying operational setup. A truck weight scale is also present, adding further convenience. The zoning designation is 005. The APN is 039-4-000-027. The asking price is $2,800,000, translating to $541.06 per square foot. Beyond the existing structures, a substantial undeveloped area at the rear of the property offers significant potential for expansion and future development, catering to a wide range of industrial needs. This property is a rare find, combining existing infrastructure with substantial room for growth in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $391,122

  6.5%

  $361,035

  7%

  $335,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $599,810

  Geo Method

  $599,810

• Alternative Use

  Use

  Valuation

  Residential

  $447,684

  Hospitality

  $410,076

  Educational

  $341,178

  Medical

  $352,912

  Retail

  $530,722

Location Insight

City

Lagrange

County

Troup

State

Georgia

Latitude

33.0451

Longitude

-84.9518

CBSA code

29300

CBSA name

LAGRANGE, GA-AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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