20 Spring RdMolena, GA 30258

  • Retail properties
  • 4,320 SF
For Sale
$875,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
20 Spring Rd, Molena, Georgia

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

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
$1,915
$1,987
$44,693
$46,680
-
$4,968
$111,733
$116,701

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].