176 Main StReidsville, GA 30453

  • Retail properties
  • 3,016 SF
For Sale
$560,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
176 Main St, Reidsville, Georgia

Location Insight

City
Reidsville
County
Tattnall
State
Georgia
Latitude
32.0824
Longitude
-82.1143

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
0
-
$20,040
$152,880
$172,920
-
$50,100
$382,200
$432,300

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