334 Main StLumpkin, GA 31815

Property Details for 334 Main St

Year built

1940

Lot size

0.08 AC

Property size (Sq ft)

1,496 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

LU06 068

APU

LU06068

Description

This exceptional commercial property in Lumpkin, Georgia, presents a compelling investment opportunity. Located at 334 Main Street, this 0.08-acre lot boasts a pre-existing approximately 1,496 square foot building, previously utilized as a convenience store. The property's prime location on Main Street places it within a vibrant commercial district, surrounded by established businesses, including shops and restaurants. This offers significant potential for retail expansion or redevelopment, catering to the needs of Lumpkin's thriving local economy. The property's APN is LU06-068 and its zip code is 31815. The existing building provides a solid foundation for immediate use or renovation, while the land itself offers flexibility for future development. This offering represents a rare chance to acquire a well-situated commercial property in a desirable Georgia town, combining existing infrastructure with significant growth potential. The asking price for this exceptional opportunity is $200,000. Don't miss this chance to secure a piece of Lumpkin's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $222,123

  6.5%

  $205,037

  7%

  $190,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $268,004

  Geo Method

  $268,004

• Alternative Use

  Use

  Valuation

  Residential

  $172,956

  Hospitality

  $158,427

  Educational

  $131,809

  Medical

  $136,342

  Retail

  $205,037

Location Insight

City

Lumpkin

County

Stewart

State

Georgia

Latitude

32.0499

Longitude

-84.7937

CBSA code

17980

CBSA name

COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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