Commercial Property with Expansion
1222 & 1224 New Franklin Road Lagrange, GA 30240
1222 & 1224 New Franklin Road, Lagrange, GA, 30240
$449,000
For Sale
$449,000
COMMERCIAL - Lagrange, GA
Property Size3,424 SF
Lot Size2.20 Acres
Price / SF$131.13
Days on Market78
Property Features for 1222 & 1224 New Franklin Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 0493B000098A
- Size
- 3,424 SF
- Lot size
- 2.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2615
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1940
- Flooring type
- Hardwood, Concrete
- Building materials
- Block, Brick
- Roof type
- Composition, Metal
Listing Agency
RE/MAX Results
(706) 845-7000
833 New Franklin Road, Lagrange, GA
Listed by
Joel Upchurch · License #203316
(706) 523-1702
Added: May 1 Checked: Jul 17 at 5:06 pm
MLS# 10755685
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 commercial property in Lagrange, GA, offers investors and end-users long-term potential with 2.2 acres, a 1,984 sq. ft single family residence, and a 1,440 sq ft masonry block commercial building currently used as a car lot. The property is suited for ownership strategies that prioritize flexibility, operational capacity, and adaptability as market conditions evolve. Traffic counts exceed 11,000 per day on New Franklin Road and 6,500 per day on N. Davis. The property offers multiple options with outstanding exposure and location, whether the focus is consolidating both buildings into one use or controlling a site with expansion potential. Nearby conveniences include Walmart 0.8 miles away, ALDI 1.3 miles away, and Franklin Forest Elementary School 0.4 miles away. North Davis Road and West Point Lake are also nearby, supporting connectivity and a wider area of activity while keeping the property rooted on New Franklin Road. The total property size is 3,424 square feet.
Key Highlights
- 2.2‑acre property on New Franklin Road with traffic counts over 11,000 vehicles/day
- Includes a 1,984 SF single‑family residence and a 1,440 SF masonry block commercial building used as a car lot
- Commercial building constructed with block and brick; parking available in a parking lot
Local Financial Insights For Industrial
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 | $23.5k | $6.86 |
| − Vacancy | −$1.7k | −$0.49 |
| EGI | $21.8k | $6.37 |
| − OpEx | −$6.5k | −$1.91 |
| NOI | $15.3k | $4.46 |
3,424 SF · lease $6.86/SF/yr · vacancy 7.10% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$638.4K
$558.6K – $744.8K
NOI $44,686 @ 7.0% cap · market cap 9.95%
Second Best
Retail
$595.8K
$521.3K – $695.1K
NOI $41,707 @ 7.0% cap · market cap 9.29%
Theoretical Best
Office A
$766.1K
$670.4K – $893.8K
NOI $53,629 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - 2.2 acres with two buildings in Lagrange, GA.
Where is this car wash located?
The property is located at 1222 & 1224 New Franklin Road Lagrange, GA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2.2‑acre property on New Franklin Road with traffic counts over 11,000 vehicles/day; Includes a 1,984 SF single‑family residence and a 1,440 SF masonry block commercial building used as a car lot; Commercial building constructed with block and brick; parking available in a parking lot
