201 Tift College DrForsyth, GA 31029

Property Details for 201 Tift College Dr

Year built

2001

Construction

CONCRETE

Lot size

0.82 AC

Property size (Sq ft)

2,439 SF

Zone code

3

Property type

Office properties

Property subtype

Office buildings

APN

F35-051A

APU

F35051A

Description

This exceptional 1.141-acre commercial property, located at 201 Tift College Dr, Forsyth, GA 31029, presents a unique investment opportunity. Currently vacant, this Class C, traditional office space is zoned Highway Business, offering unparalleled convenience in the heart of downtown Forsyth. The property boasts all utilities readily available, including water, sewer (stubbed), and underground power, simplifying development. Approved plans exist for a three-office division, providing flexibility for either a single large building or multiple smaller units. This prime location places the property within walking distance of popular local attractions such as Fox City Brewing, the downtown square, the courthouse, and summer concert venues. The property's strategic positioning within a thriving commercial area of Middle Georgia makes it an ideal investment for those seeking to establish a new business or expand an existing one. Engineering plans for the approved three-office division are already complete, streamlining the development process. This is a rare chance to acquire a ready-to-develop site in a rapidly growing community. The asking price is $550,000.

• CAP approach

  CAP return

  Valuation

  6%

  $310,226

  6.5%

  $286,363

  7%

  $265,908

• Comparable approach

  Method

  Valuation

  Relative Method

  $475,751

  Geo Method

  $475,751

• Alternative Use

  Use

  Valuation

  Residential

  $355,090

  Hospitality

  $325,260

  Educational

  $270,613

  Medical

  $279,919

  Retail

  $420,953

Location Insight

City

Forsyth

County

Monroe

State

Georgia

Latitude

33.0349

Longitude

-83.9326

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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