1400 Eatonton RdMadison, GA 30650

Property Details for 1400 Eatonton Rd

Year built

1978

Lot size

5.55 AC

Property size (Sq ft)

777 SF

Zone code

C3

Property type

Individual retail properties

APN

036E 003

APU

036E003

Description

This exceptional investment opportunity presents a 30,857-square-foot retail shopping center and storefront complex located at 1400 Eatonton Rd, Madison, GA 30650. The property, encompassing four buildings on a single story, boasts 22 units with 100% occupancy, generating a strong net operating income (NOI) of $217,925 and a 4.74% cap rate. Built in 1978 and renovated in 2011, this Class B property operates under a gross lease structure. The property is zoned C2 and features ample parking. The asking price is $4,600,000. This multi-tenant retail center offers a proven track record of successful tenancy in a thriving Madison, Georgia market. Adding to its appeal, the sale includes two vacant tracts of land totaling 5.55 buildable acres situated behind the main plaza, presenting significant future development potential. This well-maintained property provides a solid foundation for continued growth and strong returns, making it an ideal acquisition for investors seeking a high-performing asset in a desirable location. The property's parcel number (APN) is 036E003000. This is a rare opportunity to acquire a fully occupied, high-performing retail center with significant expansion potential.

• CAP approach

  CAP return

  Valuation

  6%

  $209,181

  6.5%

  $193,090

  7%

  $179,298

• Comparable approach

  Method

  Valuation

  Relative Method

  $224,791

  Geo Method

  $224,791

• Alternative Use

  Use

  Valuation

  Residential

  $162,878

  Hospitality

  $149,196

  Educational

  $124,129

  Medical

  $128,398

  Retail

  $193,090

Location Insight

City

Madison

County

Morgan

State

Georgia

Latitude

33.5753

Longitude

-83.476

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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