1304 Hogansville RdLaGrange, GA 30241

Property Details for 1304 Hogansville Rd

Year built

2006

Lot size

0.61 AC

Property size (Sq ft)

5,600 SF

Zone code

16- CR-MX

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0501A008002A

APU

0501A008002A

Description

This exceptional, fully-leased shopping center in LaGrange, Georgia presents a compelling investment opportunity. The 5,600 square foot property, built in 2006 and situated on a 26,343 square foot lot, boasts seven retail units currently operating at 100% occupancy. Each unit is equipped with HVAC, and ample parking is provided for tenants and customers (33 spaces). The property enjoys a prime location on Hogansville Road, a major thoroughfare with over 11,500 average daily vehicles, offering 173 feet of road frontage. The stabilized investment features a 7.75% cap rate and a Net Operating Income (NOI) of $49,330, with a gross lease structure. The property is zoned 16-CR-MX (District 16 - Corridor Mixed Use District) and benefits from its proximity to thriving residential areas, including the nearby Crossvine Village community, and major employers such as Kia's West Point Assembly Plant. The asking price is $646,000 ($115.36/sq ft). This well-maintained center offers a diverse mix of tenants, creating a dynamic retail environment and strong revenue potential. The property's location and tenant mix provide long-term stability and potential for future upside. All tenants are month-to-month, offering immediate upside potential.

Location Insight

City

Lagrange

County

Troup

State

Georgia

Latitude

33.0542

Longitude

-84.9992

CBSA code

29300

CBSA name

LAGRANGE, GA-AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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