3240 Hutchinson AveAdel, GA 31620

Property Details for 3240 Hutchinson Ave

Year built

1900

Construction

STEEL FRAME

Lot size

10.00 AC

Property size (Sq ft)

2,452 SF

Property type

Retail properties

Property subtype

Retail space

APN

0052-046

APU

52046

Description

This exceptional industrial property, located at 3240 Hutchinson Avenue S in Adel, Georgia (zip code 31620), presents a unique investment opportunity. The 3,200 square foot warehouse sits on a 4-acre lot with over 500 feet of frontage on Highway 41, offering excellent visibility and accessibility. The metal building features a climate-controlled interior, including a showroom with a counter and two private offices, a handicap-accessible bathroom with a shower, and an alarm system. The rear of the building boasts two 12-foot roll-up doors, strategically wired walls for equipment, and a cooled warehouse space. A 20 x 40 foot concrete slab extends from the rear of the building, providing additional outdoor storage or workspace. Three-phase power is installed to accommodate heavy equipment. The property is zoned H-I and includes ample parking for 50 vehicles. Currently leased with a 60-day notice requirement, this versatile property is ideal for a variety of businesses. An additional 6 acres are available for purchase. Asking price is $325,000.

• CAP approach

  CAP return

  Valuation

  6%

  $452,371

  6.5%

  $417,573

  7%

  $387,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $439,268

  Geo Method

  $439,268

• Alternative Use

  Use

  Valuation

  Residential

  $352,238

  Hospitality

  $322,649

  Educational

  $268,440

  Medical

  $277,672

  Retail

  $417,573

Location Insight

City

Adel

County

Cook

State

Georgia

Latitude

31.0935

Longitude

-83.409

Property Tax & Assessments

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