2753 Highway 34Newnan, GA 30265

Property Details for 2753 Highway 34

Year built

1990

Construction

WOOD FRAME

Lot size

0.81 AC

Property size (Sq ft)

3,848 SF

Zone code

C

Property type

Healthcare properties

Property subtype

Medical offices

APN

121 6038 027

APU

1216038027

Description

This exceptional 4.63-acre commercial land parcel presents a remarkable investment opportunity in the thriving Thomas Crossroads area of Newnan, Georgia. Boasting over 259 feet of frontage on heavily trafficked Highway 34, this property benefits from an estimated daily traffic count exceeding 37,000 vehicles. Its strategic location ensures high visibility and accessibility for any commercial venture. The lot features an existing asphalt driveway directly off Highway 34, accommodating eastbound traffic, and a curb cut at Highland Drive allows for east-west traffic flow. Essential utilities, including water and sewer, are readily available. A topographic survey is included in the listing documentation, providing detailed information about the land's elevation and features. Notably, the lot is elevated above street level, maximizing visibility for potential businesses. The property is zoned C, and its advantageous location is further enhanced by the presence of nearby medical office buildings and an adjacent unimproved 10-acre tract. Retail and law offices are situated east of Highland Drive, creating a vibrant and established commercial environment. This property's combination of high traffic volume, excellent visibility, and strategic location makes it an ideal site for a wide range of commercial developments. The asking price is $1,353,000.

• CAP approach

  CAP return

  Valuation

  6%

  $489,442

  6.5%

  $451,793

  7%

  $419,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $750,591

  Geo Method

  $750,591

• Alternative Use

  Use

  Valuation

  Residential

  $560,223

  Hospitality

  $513,162

  Educational

  $426,944

  Medical

  $441,628

  Retail

  $664,136

Location Insight

City

Newnan

County

Coweta

State

Georgia

Latitude

33.4074

Longitude

-84.6919

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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