81 Broad StWarm Springs, GA 31830

Property Details for 81 Broad St

Year built

1995

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

720 SF

Property type

Retail space

APN

WS05- -021-002

APU

WS05021002

Description

This mixed-use property, located at 81 Broad Street in Warm Springs, Georgia, presents a unique investment opportunity. The 0.06-acre lot features a single building constructed in 1995, offering a blend of retail and restaurant space. Currently configured as a rustic mercantile, the retail area is easily adaptable to various uses. The property includes a small office area, a half-bath, and a kitchen and storage space remaining from its previous use as a restaurant. A shared connecting deck provides additional outdoor space. The building boasts a new metal roof installed in 2019. Situated on Broad Street, this property benefits from high traffic counts, exceeding 4,000 vehicles daily, with peak traffic during the holiday season. Its location across from the historic Bulloch House restaurant and amidst other shops in Warm Springs offers excellent visibility and access to a charming, small-town atmosphere. The property is zoned C3 and is conveniently located just 20 minutes from Callaway Gardens. This property is priced at $150,000 and is ready for a new owner to revitalize its potential. The property's prime location and adaptable space make it an ideal investment for entrepreneurs seeking a thriving business in a picturesque setting.

• CAP approach

  CAP return

  Valuation

  6%

  $134,622

  6.5%

  $124,267

  7%

  $115,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,917

  Geo Method

  $353,917

• Alternative Use

  Use

  Valuation

  Residential

  $104,824

  Hospitality

  $96,018

  Educational

  $79,886

  Medical

  $82,633

  Retail

  $124,267

Location Insight

City

Warm Springs

County

Meriwether

State

Georgia

Latitude

32.8908

Longitude

-84.6799

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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