117 Jefferson AveEatonton, GA 31024

Property Details for 117 Jefferson Ave

Year built

1905

Property size (Sq ft)

1,716 SF

Zone code

1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

E005166001

APU

E005166001

Description

This exceptional Eatonton, Georgia property presents a unique investment opportunity. Priced at $550,000, this 5,300 square foot property comprises two separate buildings, each with its own entrance and rear exit, offering incredible flexibility. Built in 1920 and extensively renovated in 2023, the buildings boast attractive concrete floors and exposed brick interiors, creating a charming and versatile space. One building currently has a lease in place, extending until November 2026, providing immediate rental income. The property's prime location in the heart of downtown Eatonton, directly across South Jefferson Avenue from the Putnam County Courthouse, ensures high visibility and foot traffic. Surrounded by thriving businesses including the Pex Theater, Maggie Lane's, Papa John's, the Eatonton Chamber of Commerce, Brick House Pub, The Peoples Bank, and Sumter Street Apartments, this location offers unparalleled access to a vibrant community. The property's versatility makes it ideal for a variety of uses, including retail, office, or restaurant spaces. The APN is E006141, and the address is 117 S Jefferson Ave, Eatonton, GA 31024. This is a rare chance to acquire a well-located, income-producing property with significant upside potential in a desirable downtown setting. The property consists of two units, is situated on one story, and is located in Putnam County.

• CAP approach

  CAP return

  Valuation

  6%

  $541,999

  6.5%

  $500,306

  7%

  $464,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $843,502

  Geo Method

  $843,502

• Alternative Use

  Use

  Valuation

  Residential

  $422,027

  Hospitality

  $386,575

  Educational

  $321,626

  Medical

  $332,687

  Retail

  $500,306

Location Insight

City

Eatonton

County

Putnam

State

Georgia

Latitude

33.3272

Longitude

-83.3892

Property Tax & Assessments

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