517 Hill StMonroe, GA 30656

Property Details for 517 Hill St

Year built

1978

Construction

STEEL FRAME

Lot size

0.52 AC

Property size (Sq ft)

2,500 SF

Zone code

P

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

M0110-074

APU

M0110074

Description

This exceptional 2,500 square foot commercial building, situated on a 0.52-acre lot in Monroe, Georgia, presents a unique investment opportunity. Located less than two miles from Downtown Monroe, this property boasts a rich history, having served as a successful childcare center for over three decades. The building features three separate bathrooms, a small kitchen in the rear, and a paved parking lot with ample space for sixteen vehicles. A portion of the lot is conveniently fenced. Significant recent upgrades enhance its appeal: the roof was completely replaced in 2018, while the HVAC and plumbing systems were fully renovated in 2017. Currently occupied by a tenant, this property offers immediate income potential. Its flexible commercial zoning allows for a wide range of uses, including but not limited to: office space, warehouse, church, medical office, or even a convenience store. The building's established infrastructure and prime location make it an ideal choice for a variety of businesses seeking a ready-to-use space with significant upside potential. The property's history and current condition combine to offer a compelling investment opportunity in a thriving Georgia community. Contact us to learn more and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $428,866

  6.5%

  $395,877

  7%

  $367,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $330,915

  Geo Method

  $330,915

• Alternative Use

  Use

  Valuation

  Residential

  $502,186

  Hospitality

  $460,000

  Educational

  $382,715

  Medical

  $395,877

  Retail

  $595,334

Location Insight

City

Monroe

County

Walton

State

Georgia

Latitude

33.8073

Longitude

-83.7141

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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