806 New Franklin RdLaGrange, GA 30240

  • Office properties
  • 1,511 SF
For Sale
$650,000 View listing

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
806 New Franklin Rd, LaGrange, Georgia

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

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
$2,302
$30,000
$54,400
$84,400
-
$75,000
$136,000
$211,000

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