234 Heard StElberton, GA 30635
- Retail properties
- 18,460 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,942,328
- 6.5%
- $6,408,302
- 7%
- $5,950,566
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,829,926
- Geo Method
- $3,829,926
-
Alternative Use
- Use
- Valuation
- Residential
- $5,405,643
- Hospitality
- $4,951,540
- Educational
- $4,119,623
- Medical
- $4,261,304
- Retail
- $6,408,302
Location Insight
- City
- Elberton
- County
- Elbert
- State
- Georgia
- Latitude
- 34.108
- Longitude
- -82.864
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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