1220 Siloam RdGreensboro, GA 30642

Property Details for 1220 Siloam Rd

Year built

1997

Lot size

1.16 AC

Property size (Sq ft)

4,929 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

G11-0-00-054-0

APU

G110000540

Description

This exceptional 4,929 square foot freestanding multi-use building presents a unique investment opportunity in the thriving city of Greensboro, Georgia. Situated just a quarter-mile from the heart of downtown Greensboro on Highway 15, this property enjoys excellent visibility and accessibility. The building boasts a spacious 1.16-acre lot complete with a recently resealed and repainted parking lot offering ample parking for 30 vehicles. The roof was replaced approximately three years ago, ensuring long-term structural integrity. The interior layout is versatile and adaptable, featuring multiple offices or classrooms, a kitchen, a large central open area ideal for various uses, several storage rooms, and four bathrooms. A convenient loading dock with a roll-up door adds to the property's functionality. Zoned B-1 (Neighborhood Commercial), this property allows for a wide range of uses, making it suitable for a variety of businesses. Previously used as a medical office and more recently as a daycare center, the building's adaptability is a key selling point. Its proximity to Interstate 20 and the renowned Lake Oconee further enhances its appeal. Greensboro's downtown area has experienced significant revitalization in recent years, fueled by the remarkable growth of the Lake Oconee region. This property offers a compelling chance to capitalize on the area's upward trajectory and the diverse possibilities of its mixed-use zoning.

• CAP approach

  CAP return

  Valuation

  6%

  $865,016

  6.5%

  $798,476

  7%

  $741,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $566,544

  Geo Method

  $566,544

• Alternative Use

  Use

  Valuation

  Residential

  $990,110

  Hospitality

  $906,936

  Educational

  $754,560

  Medical

  $780,510

  Retail

  $1,173,760

Location Insight

City

Greensboro

County

Greene

State

Georgia

Latitude

33.5732

Longitude

-83.172

Property Tax & Assessments

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