408 Court StCalhoun, GA 30701

Property Details for 408 Court St

Year built

2004

Lot size

0.60 AC

Property size (Sq ft)

7,400 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Community centers

APN

C12 - -117

APU

C12117

Description

This exceptional 7,400-square-foot commercial property, located at 408 Court Street in Calhoun, Georgia, presents a unique investment opportunity. Built in 2004, this single-tenant space sits on a 0.6-acre lot and is zoned C1 Commercial, offering significant flexibility for a variety of uses. The building's prime downtown location ensures high visibility and accessibility. The entire 7,400 square feet is currently vacant, providing a blank canvas for a new business to establish its presence. The property's spacious layout is ideal for an executive office suite or a retail establishment, catering to diverse business needs. Its location in Gordon County, Georgia, with a 30701 zip code, offers easy access to local amenities and transportation routes. While the building is currently listed as a single-tenant space, it was previously divided into three suites (5,614 SF total), offering potential for future subdivision and lease flexibility. The previous lease structure included options for leasing the entire space for $4,500 per month with a $4,500 deposit on a three-year net lease, or leasing Suite 3 separately for $1,500 per month and Suites 1 & 2 together for $3,000 per month. This property offers a compelling combination of size, location, and adaptability, making it an attractive proposition for discerning investors and businesses seeking a prominent presence in Calhoun's thriving commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $2,300,744

  6.5%

  $2,123,764

  7%

  $1,972,067

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,037,572

  Geo Method

  $3,637,479

• Alternative Use

  Use

  Valuation

  Residential

  $1,791,474

  Hospitality

  $1,640,981

  Educational

  $1,365,277

  Medical

  $1,412,231

  Retail

  $2,123,764

Location Insight

City

Calhoun

County

Gordon

State

Georgia

Latitude

34.5024

Longitude

-84.9547

CBSA code

15660

CBSA name

CALHOUN, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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