103 Colquitt StSparks, GA 31647

Property Details for 103 Colquitt St

Year built

1901

Lot size

0.04 AC

Property size (Sq ft)

1,128 SF

Property type

Retail properties

Property subtype

Retail space

APN

S009-062

APU

S009062

Description

This exceptional investment opportunity presents six individual storefronts totaling 9,151 square feet, situated on a 0.26-acre lot at the highest traffic intersection in Sparks, Georgia – the corner of Colquitt Street and South Goodman Street. Each storefront ranges in size from 1,144 to 2,825 square feet, offering flexibility for a variety of uses. The property's historic character presents a unique chance to leverage state and federal historic tax credits, potentially covering 80% of renovation costs. This allows for a significant return on investment through restoration and adaptive reuse. Alternatively, the property is well-suited for complete redevelopment, allowing for the construction of a new building tailored to modern needs. Furthermore, there's potential for expansion by assembling this property with an adjacent parcel, creating an even larger development footprint. The sale includes six individual parcels: 101, 103, 105, 107, 109, and 111 Colquitt Street. Seller financing is available, making this a compelling opportunity for investors seeking a high-impact project in a thriving downtown location. This property offers a rare blend of historical significance and significant redevelopment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $207,588

  6.5%

  $191,620

  7%

  $177,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $202,078

  Geo Method

  $202,078

• Alternative Use

  Use

  Valuation

  Residential

  $161,639

  Hospitality

  $148,060

  Educational

  $123,184

  Medical

  $127,421

  Retail

  $191,620

Location Insight

City

Sparks

County

Cook

State

Georgia

Latitude

31.1672

Longitude

-83.437

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].