21 Midget DrToccoa, GA 30577

Property Details for 21 Midget Dr

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.32 AC

Property size (Sq ft)

21,280 SF

Zone code

B-II

Property type

Retail properties

Property subtype

Outlet malls

APN

T22 084

APU

T22084

Description

This exceptional commercial property at 21 Midget Drive, Toccoa, Georgia presents a unique investment opportunity. Boasting a highly visible corner location at the intersection of Midget Drive and Mize Road, this property offers easy access and high traffic exposure. The main building comprises 5,320 square feet across two stories, featuring a fully equipped kitchen and grease trap, making it suitable for a wide range of food service or retail businesses. The property sits on a generous 2.32-acre lot, providing ample space for expansion or outdoor activities. In addition to the main building, the property includes several covered sheds and utility buildings, offering versatile storage options. The extensive paved asphalt lot ensures ample parking for customers and employees. The property is zoned C3 commercial (B-11), allowing for a variety of commercial uses. Its proximity to downtown Toccoa, less than a mile away, provides easy access to the city's amenities and vibrant community. This property is priced at $1,200,000 and offers a rare combination of size, location, and versatility, making it an ideal investment for discerning buyers seeking a strong foothold in the Toccoa market. The total building square footage is 10,640 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $8,002,857

  6.5%

  $7,387,252

  7%

  $6,859,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,414,996

  Geo Method

  $4,414,996

• Alternative Use

  Use

  Valuation

  Residential

  $6,231,424

  Hospitality

  $5,707,950

  Educational

  $4,748,948

  Medical

  $4,912,272

  Retail

  $7,387,252

Location Insight

City

Toccoa

County

Stephens

State

Georgia

Latitude

34.5625

Longitude

-83.3302

CBSA code

45740

CBSA name

TOCCOA, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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