176 Main StReidsville, GA 30453

Property Details for 176 Main St

Year built

1973

Lot size

1.49 AC

Property size (Sq ft)

3,016 SF

Zone code

2

Property type

Banks

APN

R13 001

APU

R13001

Description

This 3,016-square-foot vacant bank building in Reidsville, Georgia, presents a unique investment opportunity. Located on 1.49 acres at 176 S Main St, 30453, this single-story, 1973-built structure is zoned C3 and offers high visibility. The property boasts two drive-thru teller lanes and a drive-thru ATM, along with a secure vault. The spacious lot provides ample room for expansion or additional development. Ideal for a variety of commercial uses, this property benefits from its convenient location within a mixed residential and commercial area. The asking price is $560,000, with a price per square foot of $185.68. This is a rare opportunity to acquire a well-located, versatile commercial property with significant potential. The property's features, including the drive-thrus and vault, offer distinct advantages for various businesses. Its prominent location on South Main Street ensures high traffic and visibility, making it an attractive option for businesses seeking a strong presence in the Reidsville market. The substantial lot size also allows for future expansion or redevelopment possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $709,363

  6.5%

  $654,797

  7%

  $608,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $516,898

  Geo Method

  $516,898

• Alternative Use

  Use

  Valuation

  Residential

  $552,346

  Hospitality

  $505,946

  Educational

  $420,941

  Medical

  $435,418

  Retail

  $654,797

Location Insight

City

Reidsville

County

Tattnall

State

Georgia

Latitude

32.0824

Longitude

-82.1143

Property Tax & Assessments

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