20 Spring RdMolena, GA 30258

Property Details for 20 Spring Rd

Year built

1950

Lot size

0.06 AC

Property size (Sq ft)

4,320 SF

Zone code

RESIDENTIAL

Property type

Drive through restaurants

APN

019A-014

APU

019A014

Description

This exceptional investment opportunity encompasses two adjoining properties at 20 and 30 Spring Road, nestled in the heart of historic downtown Molena, Georgia. The combined buildings offer a substantial 4,320 square feet of space, presenting a unique chance to establish a thriving bed and breakfast or explore a variety of other commercial ventures. The main structure features four upstairs bedrooms and a convenient laundry room. The ground floor boasts a captivating bar and well-equipped prep area, perfect for entertaining guests or hosting events. A dedicated dance floor area adds to the versatility of the space, creating possibilities for diverse uses. Adding to the appeal, a separate cabin situated behind the main buildings is included in the sale. This charming cabin provides additional accommodation or potential for expansion. The sale includes three separate parcel IDs: 019A 020, 019A 014, and 019A 015, encompassing a total of 0.06 acres of land. This property offers a rare blend of historical charm, ample space, and prime downtown location, making it an ideal investment for discerning buyers seeking a unique and profitable venture in the vibrant town of Molena. The property is priced at $875,000.

• CAP approach

  CAP return

  Valuation

  6%

  $807,733

  6.5%

  $745,600

  7%

  $692,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,123,501

  Geo Method

  $2,123,501

• Alternative Use

  Use

  Valuation

  Residential

  $628,941

  Hospitality

  $576,107

  Educational

  $479,314

  Medical

  $495,798

  Retail

  $745,600

Location Insight

City

Molena

County

Pike

State

Georgia

Latitude

33.0116

Longitude

-84.4998

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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