12739 Broad StSparta, GA 31087

Property Details for 12739 Broad St

Year built

1905

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

1,352 SF

Zone code

RESIDENTIAL

Property type

Retail properties

Property subtype

Retail space

APN

S003 045

APU

S003045

Description

This renovated 1,400 square foot commercial building in downtown Sparta, Georgia, presents a unique investment opportunity. Located on Broad Street, this property boasts 10-foot ceilings, all utilities available, and ample street parking. The 0.14-acre lot features approximately 25 feet of frontage on Broad Street, a high-traffic area with 8,420 vehicles per day. Previously a retail auto parts store, the interior has been completely renovated, showcasing exposed brick walls, large front windows, and a double front door. Its versatile layout is ideal for a variety of uses, including professional offices, retail spaces, restaurants, studios, or bakeries. The property's prime location in downtown Sparta places it within a short distance of government buildings, medical facilities, and numerous other businesses. Its proximity to Milledgeville (less than 30 minutes away) adds to its appeal. The Hancock County location offers a strong sense of community and a supportive business environment. The property's Commercial zoning allows for a wide range of potential uses, making it an attractive investment for both established businesses and entrepreneurs. The asking price is $79,000, with annual city taxes of $328. The parcel ID is S003 045. This property offers a blend of historic charm and modern functionality, making it a compelling opportunity for those seeking a well-located and versatile commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $379,491

  6.5%

  $350,300

  7%

  $325,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $482,124

  Geo Method

  $482,124

• Alternative Use

  Use

  Valuation

  Residential

  $295,491

  Hospitality

  $270,668

  Educational

  $225,193

  Medical

  $232,937

  Retail

  $350,300

Location Insight

City

Sparta

County

Hancock

State

Georgia

Latitude

33.2762

Longitude

-82.9743

CBSA code

33300

CBSA name

MILLEDGEVILLE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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