11823 Augusta RdLavonia, GA 30553

Property Details for 11823 Augusta Rd

Year built

2004

Construction

STEEL FRAME

Lot size

1.29 AC

Property size (Sq ft)

6,250 SF

Zone code

RESIDENTIAL

Property type

Retail properties

Property subtype

Strip malls

APN

L012-002-B

APU

L012002B

Description

This exceptional investment opportunity presents a fully occupied five-unit strip mall situated on a prominent 1.29-acre lot in Lavonia, Georgia. The property boasts a highly desirable location with double road frontage, accessible from both State Highway 17 and a secondary city street, offering excellent visibility and accessibility. Each of the five units measures approximately 1250 square feet, totaling 6250 square feet of leasable space. The property is currently generating consistent rental income due to its 100% occupancy rate. Ample parking is available in the asphalt parking lot, catering to tenants and customers alike. A tall commercial sign ensures high visibility from the road. The strategic location offers easy access from I-85 Exit 173, benefiting from significant traffic counts. City utilities are readily available, simplifying operations. The expansive lot size presents a potential for future expansion, allowing for the addition of another building to further increase revenue streams. This turnkey investment is ideal for those seeking a stable, income-producing asset with significant growth potential in a thriving business location. The property's combination of high visibility, convenient access, and existing tenant occupancy makes it a compelling opportunity for discerning investors.

• CAP approach

  CAP return

  Valuation

  6%

  $2,350,463

  6.5%

  $2,169,658

  7%

  $2,014,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,296,698

  Geo Method

  $1,296,698

• Alternative Use

  Use

  Valuation

  Residential

  $1,830,188

  Hospitality

  $1,676,442

  Educational

  $1,394,780

  Medical

  $1,442,749

  Retail

  $2,169,658

Location Insight

City

Lavonia

County

Franklin

State

Georgia

Latitude

34.4233

Longitude

-83.104

Property Tax & Assessments

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