234 Heard StElberton, GA 30635

Property Details for 234 Heard St

Year built

1961

Lot size

2.26 AC

Property size (Sq ft)

18,460 SF

Zone code

ELBERTON

Property type

Retail space

APN

E19 137

APU

E19137

Description

This exceptional 18,460-square-foot retail or storage property is situated on 2.26 acres in the heart of Elberton, Georgia, known as "The Granite Capital of the World." The single-tenant, Class C building, constructed in 1961, features a spacious, open-box layout previously occupied by a successful furniture store. The property offers ample parking, ensuring convenient access for customers and employees. Its prominent location on Heard Street provides excellent visibility and high traffic exposure. The versatile space presents a unique opportunity for a variety of businesses, including grocery stores, warehouse/storage facilities, multi-tenant shopping centers, or even indoor recreational facilities like soccer or pickleball centers. The large storefront and expansive footprint allow for significant customization to meet the specific needs of a new tenant. This prime location and adaptable space offer a compelling investment opportunity for a forward-thinking business seeking a strong presence in a thriving community. The property's 1-story design and single-building structure simplify operations and management. With its significant square footage and ample land, this property is ready for immediate occupancy and offers substantial potential for growth and return.

• CAP approach

  CAP return

  Valuation

  6%

  $5,480,240

  6.5%

  $5,058,690

  7%

  $4,697,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,580,600

  Geo Method

  $1,580,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,950,110

  Mixed-Use / Specialty

  $5,006,230

  Hospitality / Lodging

  $3,628,100

  Office

  $4,940,640

  Institutional / Educational

  $5,192,160

  Residential Income

  $6,074,830

  Multifamily

  $7,476,640

  Automotive / Energy

  $4,450,430

  Parking / Income-Based Land

  $1,569,790

  Restaurant / Food Service

  $2,530,320

  Healthcare / Senior Housing

  $5,169,090

Location Insight

City

Elberton

County

Elbert

State

Georgia

Latitude

34.108

Longitude

-82.864

Property Tax & Assessments

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