2150 Spring StMonroe, GA 30655

Property Details for 2150 Spring St

Year built

2005

Construction

CONCRETE

Lot size

11.70 AC

Property size (Sq ft)

104,716 SF

Zone code

B3

Property type

Retail properties

Property subtype

Outlet malls

APN

M0010-025-C

APU

M0010025C

Description

This exceptional 7.38-acre commercial development site in Monroe, Georgia, boasts a prime location at the intersection of Highway 78 and Highway 10 in Walton County. The property enjoys high visibility and accessibility, situated directly adjacent to a Home Depot and across from Piedmont Walton Hospital. This strategic location offers unparalleled exposure to a substantial daily traffic volume. The surrounding area is densely populated with major retailers, including a Walmart Supercenter and Tractor Supply Company, ensuring a strong customer base for any development. A wide array of restaurants, such as Longhorn Steakhouse, Applebee's, and numerous fast-food chains, further enhance the area's appeal and convenience. The property's versatility allows for a diverse range of development options, including hotels, self-storage facilities, apartment complexes, entertainment venues (such as bowling alleys), office buildings, or retail spaces. Given its size, location, and the existing infrastructure, this site presents a unique opportunity for significant return on investment. The property's zoning and development potential should be independently verified. This is an exceptional opportunity to acquire a highly desirable commercial parcel in a thriving Georgia market. The address is 2150 W. Spring Street, Monroe, GA 30655.

• CAP approach

  CAP return

  Valuation

  6%

  $27,014,418

  6.5%

  $24,936,386

  7%

  $23,155,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,348,540

  Geo Method

  $30,348,540

• Alternative Use

  Use

  Valuation

  Residential

  $21,034,774

  Hospitality

  $19,267,740

  Educational

  $16,030,534

  Medical

  $16,581,849

  Retail

  $24,936,386

Location Insight

City

Monroe

County

Walton

State

Georgia

Latitude

33.7983

Longitude

-83.7453

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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