617 3Rd AveChatsworth, GA 30705

Property Details for 617 3Rd Ave

Year built

2009

Lot size

4.04 AC

Property size (Sq ft)

768 SF

Zone code

CH

Property type

Office properties

Property subtype

Office buildings

APN

0049B 268

APU

0049B268

Description

This exceptional 4.04-acre commercial property in Chatsworth, Georgia, presents a remarkable investment opportunity for developers and entrepreneurs. Strategically located between Highway 411 and South 4th Avenue, this vacant land boasts a prime location with high visibility and significant daily traffic counts ranging from 12,000 to 15,000 vehicles, according to the Department of Transportation. The property's advantageous position is further enhanced by its proximity to an established hotel and a gas station, ensuring high foot traffic and potential synergy with complementary businesses. The site itself is level and features gravel footing, simplifying development. Existing improvements include a small office building constructed in 2009 and a 40' x 288' pole barn, offering immediate utility or potential redevelopment options. City sewer access is available along Highway 411, streamlining infrastructure connections. A recent survey has been completed, with property corners clearly marked. The property's 768 square feet of existing building space, combined with the expansive acreage, allows for a wide range of development possibilities, including but not limited to gas stations, RV parks, additional hotels, storage facilities, or other commercial ventures. Its convenient location near Dalton and Calhoun, with Chattanooga less than 45 miles away, provides easy access to a larger regional market. This is a rare opportunity to acquire a well-situated, ready-to-develop commercial parcel in a thriving area. Priced at $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $162,435

  6.5%

  $149,940

  7%

  $139,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $125,100

  Geo Method

  $149,806

• Alternative Use

  Use

  Valuation

  Residential

  $185,926

  Hospitality

  $170,307

  Educational

  $141,694

  Medical

  $146,567

  Retail

  $220,412

Location Insight

City

Chatsworth

County

Murray

State

Georgia

Latitude

34.7583

Longitude

-84.7703

CBSA code

19140

CBSA name

DALTON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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