1807 Washington RdThomson, GA 30824
- Retail properties
- 804 SF
Property Details for 1807 Washington Rd
- Year built
- 2005
- Construction
- STEEL FRAME
- Lot size
- 0.74 AC
- Property size (Sq ft)
- 804 SF
- Zone code
- C2
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 0T070 00000 011 000
- APU
- 0T07000000011000
Description
This 804 sq ft retail property in Thomson, GA, presents a prime redevelopment opportunity. Located on Washington Road (approx. 28,100 VPD), it benefits from exceptional visibility and convenient access to I-20 (34,700 VPD). The 0.74-acre lot is situated near a concentration of national brands including Chick-fil-A, McDonald's, Starbucks, and numerous other fast-food and retail establishments. Its proximity to a 25-bed medical center, Walmart, and other major retailers ensures high foot traffic and strong consumer demographics. The single-unit building, constructed in 2005, is classified as Class B and is currently configured as a convenience store, but its adaptable nature makes it suitable for QSR/fast food or restaurant uses. The asking price is $1,100,000. This location offers significant potential for investors seeking a high-return redevelopment project in a thriving commercial corridor. The property is conveniently located approximately 1.5 miles from a Walmart-anchored shopping center and another anchored by Big Lots and Harbor Freight Tools. Additional nearby amenities include Walgreens, O'Reilly Auto Parts, and several other national retailers. Furthermore, it's within 3 miles of Thomson High School, serving a student population of 986. This presents a unique opportunity to capitalize on a strong retail environment and high daily traffic volume.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $262,920
- 6.5%
- $242,695
- 7%
- $225,360
-
Comparable approach
- Method
- Valuation
- Relative Method
- $166,807
- Geo Method
- $166,807
-
Alternative Use
- Use
- Valuation
- Residential
- $204,722
- Hospitality
- $187,525
- Educational
- $156,018
- Medical
- $161,384
- Retail
- $242,695
Location Insight
- City
- Thomson
- County
- Mcduffie
- State
- Georgia
- Latitude
- 33.5058
- Longitude
- -82.5036
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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