20 Spring RdMolena, GA 30258
- Retail properties
- 4,320 SF
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
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
Comparable in this City
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