1664 Sharon RdWashington, GA 30673

  • Office properties
  • 77,728 SF
For Sale
$2,899,999 View listing

Property Details for 1664 Sharon Rd

Year built
1972
Lot size
36.09 AC
Property size (Sq ft)
77,728 SF
Zone code
3
Property type
Office properties
Property subtype
Office buildings
APN
064- -001-01
APU
6400101

Description

This exceptional 86,600-square-foot warehouse, situated on a sprawling 36.09-acre lot in Washington, Georgia, presents a compelling investment opportunity. The single-story, 19072-built structure boasts sturdy masonry walls and a steel frame, offering significant versatility for various industrial uses, including manufacturing or logistics. The property includes 81,400 square feet of manufacturing space and 5,200 square feet of office space, complemented by 13 loading docks and 19 dock-high doors. The 23-foot ceiling height accommodates diverse operational needs. Ample power is available through Georgia Power, with options for users requiring over 900KW to bid for the lowest rates from three area providers. Washington, GA's membership in MEAG (Municipal Electric Authority of Georgia) ensures abundant utility access. Two operational heavy-lift cranes enhance operational efficiency. The property features 100 parking spaces, with substantial land for future expansion of both the building and parking areas. The roof was replaced around 2012, and the building has a sprinkler system. Lighting is a mix of LED and incandescent. The property's strategic location near major transportation corridors, including Interstate 20 and Interstate 85, and the proximity to Highway 17 (currently undergoing a four-lane expansion), provides exceptional connectivity. Future rail access and the potential for a private rail spur further enhance logistical advantages. The asking price is $2,899,999, with a lease rate of $3.10 per square foot NNN. The property is zoned for industrial use.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $18,807,916
    6.5%
    $17,361,154
    7%
    $16,121,071
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,399,346
    Geo Method
    $6,399,346
  • Alternative Use

    Use
    Valuation
    Residential
    $21,527,830
    Hospitality
    $19,719,376
    Educational
    $16,406,290
    Medical
    $16,970,528
    Retail
    $25,520,896
1664 Sharon Rd, Washington, Georgia

Location Insight

City
Washington
County
Wilkes
State
Georgia
Latitude
33.7036
Longitude
-82.7491

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,059
$82,426
$551,980
$634,406
-
$206,065
$1,379,951
$1,586,016

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