105 Robert Toombs AveWashington, GA 30673

Property Details for 105 Robert Toombs Ave

Year built

1912

Lot size

0.26 AC

Property size (Sq ft)

6,480 SF

Zone code

C3

Property type

Retail space

APN

W23- -030

APU

W23030

Description

This exceptional 10,080 square foot commercial building, constructed in 1912, sits on a 0.26-acre lot in the heart of historic downtown Washington, Georgia. Its prime location ensures high visibility and significant foot traffic. Currently generating reliable rental income from three office spaces with prominent road frontage, this property presents an immediate return on investment. The existing tenants provide a stable income stream, while the substantial square footage offers significant potential for future development and expansion. Imagine converting the upper levels into residential apartments, maintaining the valuable commercial space on the ground floor. A private rear parking area adds considerable convenience and value. The asking price of $179,000 makes this a compelling opportunity for investors seeking a blend of immediate income and long-term growth potential. This property offers a unique chance to own a piece of Washington's rich history, capitalizing on both its established commercial viability and its untapped residential potential. The building's size and location make it an ideal investment for those seeking a strong return and the possibility of future development in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,833,430

  6.5%

  $1,692,400

  7%

  $1,571,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $554,838

  Geo Method

  $554,838

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,344,110

  Mixed-Use / Specialty

  $1,668,680

  Hospitality / Lodging

  $1,201,230

  Office

  $1,640,340

  Institutional / Educational

  $1,728,430

  Residential Income

  $2,022,260

  Multifamily

  $2,523,450

  Automotive / Energy

  $1,481,510

  Parking / Income-Based Land

  $528,726

  Restaurant / Food Service

  $830,142

  Healthcare / Senior Housing

  $1,729,330

Location Insight

City

Washington

County

Wilkes

State

Georgia

Latitude

33.7371

Longitude

-82.738

Property Tax & Assessments

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