126 Railroad StThomson, GA 30824

Property Details for 126 Railroad St

Year built

1900

Construction

CONCRETE

Lot size

0.02 AC

Property size (Sq ft)

960 SF

Zone code

B2

Property type

Investment properties

Property subtype

Retail residential properties

APN

0T31A 00000 017 000

APU

0T31A00000017000

Description

This 960-square-foot commercial property located at 126 Railroad Street in Thomson, Georgia presents a fantastic business opportunity. Situated on a 0.02-acre lot, the building boasts a mostly open floor plan, ideal for a variety of uses. A convenient half-bath is included. The property benefits from a newer commercial roof, ensuring long-term cost savings and peace of mind. A significant advantage is its location next to a busy restaurant, guaranteeing substantial foot traffic and potential customer synergy. Ample parking is available in a large parking area in downtown Thomson, directly across the lot from the Thomson Depot, providing easy access for both customers and employees. This prime location offers excellent visibility and accessibility within the thriving downtown Thomson area, making it an exceptional investment for entrepreneurs and business owners seeking a high-traffic, well-maintained space. The asking price is $109,900. This property is ready for immediate occupancy and presents a unique opportunity to establish or expand a business in a vibrant and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $264,808

  6.5%

  $244,438

  7%

  $226,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $122,507

  Geo Method

  $122,507

• Alternative Use

  Use

  Valuation

  Residential

  $244,438

  Hospitality

  $223,904

  Educational

  $186,286

  Medical

  $192,692

  Retail

  $289,778

Location Insight

City

Thomson

County

Mcduffie

State

Georgia

Latitude

33.4665

Longitude

-82.5015

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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