Mixed-Use Building in Downtown
119 Ridley Avenue Lagrange, GA 30240
COMMERCIAL - Lagrange, GA
Property size:
22,651 SFLot size:
0.52 AcresPrice / SF:
$165/SF- Added:
- Sep 23, 2025
- Days on Market:
- 291
- Last Refresh:
- Jul 10 at 3:06 pm
Property Features for 119 Ridley Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 0614W002017
- Size
- 22,651 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 15166
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas, Electric (Heating)
- Cooling system
- Gas (Cooling), Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1900
- Flooring type
- Hardwood, Tile, Carpet
- Building materials
- Brick, Concrete
- Roof type
- Composition
Listing agent Jared T Jones License #134913 (706) 333-7202
Listing office J.T. Jones & Associates Realty 211 Church Street, LaGrange, GA (706) 883-6123
Listing date Sep 23, 2025
MLS# 10619296
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story mixed-use building, with approximately 18,600 square feet of leasable space, is located in downtown Lagrange on Ridley Avenue, across from the courthouse and government center. The property has been renovated in recent years and features premium office suites and elegant finishes. The main lobby includes an elevator and multiple staircases for access to all three floors. The exterior architecture combines historic charm with modern function. The interiors are designed for professional and retail tenants. The property benefits from visibility, pedestrian traffic, and proximity to downtown institutions. This building offers a blend of character and modern performance.
Key Highlights
- Prime downtown LaGrange location directly across from the courthouse and government center.
- Substantial leasable space of approximately 18,600 SF in a three‑story mixed‑use building.
- Meticulously renovated with premium office suites, elegant finishes, and a modern interior design.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $413.2k | $18.24 |
| − Vacancy | −$19.0k | −$0.84 |
| EGI | $394.1k | $17.40 |
| − OpEx | −$118.2k | −$5.22 |
| NOI | $275.9k | $12.18 |
22,651 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.94M
$3.45M – $4.60M
NOI $275,904 @ 7.0% cap · market cap 7.36%
Second Best
Office B
$3.78M
$3.31M – $4.41M
NOI $264,874 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,773 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pro Wheels USA ...
Freight Service
Baker Wealth Group, ...
Financial Advisor
Forte HealthForce
Employment Agency
Amanda Eiland Hair
Hair Salon
Styles by XLG
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three-story mixed-use building in the heart of downtown Lagrange.
Where is this office building located?
The property is located at 119 Ridley Avenue Lagrange, GA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Prime downtown LaGrange location directly across from the courthouse and government center.; Substantial leasable space of approximately 18,600 SF in a three‑story mixed‑use building.; Meticulously renovated with **premium office suites, elegant finishes, and a modern interior design.**
