2402 Hamilton RdColumbus, GA 31904

Property Details for 2402 Hamilton Rd

Year built

1916

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

3,078 SF

Property type

Commercial real estate

APN

015 035 004

APU

15035004

Description

This charming, two-story brick building at 2402 Hamilton Road presents a unique investment opportunity. Built in 1916, this 5,800 square foot property boasts a prime location on a high-traffic corner lot, ensuring excellent visibility and accessibility for any business. Currently configured as a multi-tenant office building, it features three suites in total, with 1,000 square feet currently vacant, offering immediate potential for expansion or lease income. The property is zoned GC, providing flexibility for a variety of commercial uses. Ample parking is available, with a capacity ranging from 8 to 30 spaces. The building sits on a 0.123-acre lot and is classified as a Class C property. Its historic character combined with its modern conveniences makes it an ideal space for a variety of businesses seeking a well-established presence in a bustling area. The building's solid construction and prime location offer a strong foundation for future growth and profitability. Serious inquiries are encouraged to explore the possibilities of this versatile commercial property, available for both sale and lease. The property's Asset Property Number (APN) is 184 025 019.

• CAP approach

  CAP return

  Valuation

  6%

  $443,704

  6.5%

  $409,572

  7%

  $380,317

• Comparable approach

  Method

  Valuation

  Relative Method

  $600,395

  Geo Method

  $600,395

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $861,118

  Retail / Commercial

  $430,856

  Mixed-Use / Specialty

  $420,872

  Hospitality / Lodging

  $297,781

  Office

  $409,572

  Institutional / Educational

  $434,518

  Residential Income

  $508,386

  Multifamily

  $656,566

  Automotive / Energy

  $372,444

  Parking / Income-Based Land

  $136,873

  Restaurant / Food Service

  $200,869

  Healthcare / Senior Housing

  $440,260

Location Insight

City

Columbus

County

Muscogee

State

Georgia

Latitude

32.4867

Longitude

-84.983

CBSA code

17980

CBSA name

COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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