1664 Sharon RdWashington, GA 30673

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 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.

• 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

Location Insight

City

Washington

County

Wilkes

State

Georgia

Latitude

33.7036

Longitude

-82.7491

Property Tax & Assessments

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