2485 Point RdLaGrange, GA 30240

Property Details for 2485 Point Rd

Year built

1958

Lot size

6.08 AC

Property size (Sq ft)

12,944 SF

Zone code

01-GI

Property type

Retail properties

Property subtype

Auto shops

APN

0711C000040

APU

0711C000040

Description

This exceptional commercial property, located at 2485 West Point Road in LaGrange, Georgia, presents a unique investment opportunity. The 6.08-acre lot boasts three separate buildings, offering significant flexibility for a variety of commercial uses. Its prime location on Highway 29, situated between Pegasus Parkway and Lukken Industrial, ensures high visibility and convenient access to major transportation routes. The property's proximity to the LaGrange Callaway Airport and the Industrial Park further enhances its appeal. Building 1, constructed in 1958, offers 3,744 square feet of space. Building 2, a more modern structure built in 2003, provides 4,000 square feet. Finally, Building 3, built in 1985, comprises 5,200 square feet. This combination of building sizes and ages allows for diverse operational configurations, catering to a wide range of business needs. The property's substantial acreage and strategic location make it an ideal choice for businesses seeking a prominent presence in a thriving commercial area. The property is priced at $895,000. This represents a compelling investment opportunity in a rapidly developing region.

• CAP approach

  CAP return

  Valuation

  6%

  $2,420,207

  6.5%

  $2,234,037

  7%

  $2,074,463

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,362,638

  Geo Method

  $6,362,638

• Alternative Use

  Use

  Valuation

  Residential

  $1,884,494

  Hospitality

  $1,726,186

  Educational

  $1,436,167

  Medical

  $1,485,559

  Retail

  $2,234,037

Location Insight

City

Lagrange

County

Troup

State

Georgia

Latitude

33.0182

Longitude

-85.0854

CBSA code

29300

CBSA name

LAGRANGE, GA-AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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