806 New Franklin RdLaGrange, GA 30240

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 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.

• 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 Income

  $219,984

  Hospitality / Lodging

  $201,504

  Institutional / Educational

  $167,649

  Healthcare / Senior Housing

  $173,415

  Retail / Commercial

  $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

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