806 New Franklin RdLaGrange, GA 30240
- Office properties
- 1,511 SF
Property Details for 806 New Franklin Rd
- Year built
- 1950
- Lot size
- 7.79 AC
- Property size (Sq ft)
- 1,511 SF
- Zone code
- 16- CR-MX
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 0502B005011
- APU
- 0502B005011
Description
This exceptional 8.46-acre commercial land parcel presents a remarkable investment opportunity in LaGrange, Georgia. Located at 806 New Franklin Rd, this property boasts over 300 feet of frontage on a high-traffic corridor, offering unparalleled visibility and accessibility. The property's zoning designation, 16-CR-MX, allows for a wide range of commercial uses, making it ideal for developers and investors seeking diverse options. The strategic location directly across from a Burger King ensures high daily traffic and strong brand recognition. Two existing buildings are situated on the property; one is currently under lease. While neither building is considered of significant value, they could potentially be repurposed or removed to accommodate future development plans. The property's APN is 0502B005011, 0502B005012. This prime location, combined with its flexible zoning and substantial size, makes this an exceptional opportunity to capitalize on the growing commercial market in LaGrange. The asking price for this significant commercial land holding is $650,000. This property is situated in Troup County, Georgia, with a zip code of 30240. The coordinates are 33.058256 latitude and -85.0282587 longitude.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $192,190
- 6.5%
- $177,406
- 7%
- $164,734
-
Comparable approach
- Method
- Valuation
- Relative Method
- $294,736
- Geo Method
- $294,736
-
Alternative Use
- Use
- Valuation
- Residential
- $219,984
- Hospitality
- $201,504
- Educational
- $167,649
- Medical
- $173,415
- Retail
- $260,787
Location Insight
- City
- Lagrange
- County
- Troup
- State
- Georgia
- Latitude
- 33.0584
- Longitude
- -85.0269
- CBSA code
- 29300
- CBSA name
- LAGRANGE, GA-AL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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