10601 Commerce StSummerville, GA 30747

Property Details for 10601 Commerce St

Year built

1952

Construction

STEEL FRAME

Lot size

0.92 AC

Property size (Sq ft)

12,482 SF

Property type

Retail properties

Property subtype

Auto shops

APN

00S32-00000-033-000

APU

00S3200000033000

Description

This exceptional 15,000 square foot Class A property, located at 10601 Commerce St, Summerville, GA 30747, is a meticulously restored 1952 Chevrolet dealership, now a captivating car museum. Completely renovated in 2022, this single-story building boasts a unique blend of vintage charm and modern amenities. Features include a fully operational indoor gas station with vintage pumps, and a hip-hop diner. The property sits on a commercially zoned lot and offers 100% occupancy. The asking price is $3,275,000, translating to $218.33 per square foot. Seller financing is available. This turnkey operation presents a rare opportunity to own a piece of automotive history in a picturesque Georgia setting, conveniently located near Atlanta and Chattanooga. The property's historical significance, combined with its unique features and high occupancy rate, makes it an attractive investment. Please note that the cars and corvettes are not included in the sale

• CAP approach

  CAP return

  Valuation

  6%

  $3,880,796

  6.5%

  $3,582,274

  7%

  $3,326,397

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,123,646

  Geo Method

  $6,135,542

• Alternative Use

  Use

  Valuation

  Residential

  $3,021,782

  Hospitality

  $2,767,936

  Educational

  $2,302,890

  Medical

  $2,382,090

  Retail

  $3,582,274

Location Insight

City

Summerville

County

Chattooga

State

Georgia

Latitude

34.4874

Longitude

-85.3437

CBSA code

44900

CBSA name

SUMMERVILLE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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